US charges NFT startup founder over alleged $10 million investor fraudUS federal prosecutors have charged the founder of NFT startup Few and Far with orchestrating an alleged multimillion-dollar fraud scheme, accusing him of diverting investor funds intended for the development of a digital asset marketplace to finance online gambling, cryptocurrency speculation, luxury personal expenses, and other non-business activities. Alleged misuse of investor fundsFederal prosecutors allege that Tarsha raised more than $10 million from investors by promoting Few and Far as an ambitious decentralized marketplace for non-fungible tokens (NFTs). Investors were reportedly told that their money would be used to develop both the company’s NFT trading platform and its planned FAR digital token. Personal spending allegationsThe indictment outlines a range of personal expenditures allegedly financed with investor funds over an extended period. Federal authorities have pursued multiple cases involving allegations that crypto entrepreneurs misused investor funds, made misleading statements about their businesses, or failed to disclose conflicts of interest.