Fraud charges against cryptocurrency promoted by Mayweather
Two founders of an Initial Coin Offering promoted by boxer Floyd Mayweather and rapper DJ Khaled have been charged with fraud by the US securities regulator. It alleged that Centra Tech's Sohrab "Sam" Sharma and Robert Farkas raised over $32 million by selling unregistered securities through a "CTR Token". They also allegedly lied about having relationships with Visa and Mastercard.