3rd founder of Mayweather-promoted crypto charged with fraud
Raymond Trapani, third founder of an Initial Coin Offering promoted by boxer Floyd Mayweather and rapper DJ Khaled, was charged with fraud for allegedly raising over $32 million by selling unregistered securities through a "CTR Token". The regulator said Centra Tech's Trapani was the "mastermind" of the fraudulent ICO scheme. The company's other two founders were arrested earlier this month. 