RutRow..:expressionless:


An initial coin offering (ICO) promoted by boxing champion Floyd Mayweather, Jr., is at the center of a newly filed class-action complaint.

Dated Dec. 13, the lawsuit names Sohrab Sharma, Raymond Trapani, Robert Farkas and William Hagner, as well as Centra Tech, Inc., as defendants, accusing them of violating U.S. securities law through a token sale that ultimately raised $30 million for the development of a cryptocurrency-focused debit card.

The filing comes more than a month after two of the firm's founders left the startup. According to an Oct. 31 blog post from Centra, both Sharm and Trapani exited the project following the sale's completion, as well as a profile of them and the ICO by The New York Times.

Source: https://www.coindesk.com/class-action-suit-targets-ico-promoted-floyd-mayweather-jr/