ICO News

Trial For ICO Fraud Defendants Off Until September At Least – Law360


Law360, New York (March 26, 2020, 5:10 PM EDT) — The April trial of two Florida men accused of engineering a fake $25 million initial coin offering through their defunct company, Centra Tech Inc., was scrapped Thursday by a Manhattan federal judge because of coronavirus concerns — and lawyer schedules could keep it on hold until the holidays.

U.S. District Judge Lorna G. Schofield pushed off scheduled April 27 jury selection for the criminal trial, which could last five weeks, to Sept. 3 at the earliest. But grumbling among lawyers representing defendants Sohrab “Sam” Sharma and Robert Farkas meant that date was not a done deal.

“There is no real resolution…

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