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Few and Far NFT project founder to face US court over $10M fraud allegations
['Hannah Collymore', 'John Palmer', 'Glory Kaburu', 'Aamir Sheikh']
Cryptopolitan
Federal prosecutors in New York have indicted Few and Far founder Taj Tarsha on securities and wire fraud charges.
Federal prosecutors in Manhattan have charged Taj Tarsha, the founder of NFT startup Few and Far, with securities and wire fraud.
Prosecutors claim that Taj Tarsha, the founder of the NFT startup Few and Far, began selling Simple Agreements for Future Tokens, or SAFTs.
Under these contracts, buyers paid up front for the right to receive FAR tokens once Few and Far’s decentralized NFT marketplace was ready.
Prosecutors say Tarsha sold 95 million FAR tokens to at least 67 investors and raised over $10 million that was supposed to be put toward funding the platform and the token.