Federal prosecutors say Taj Tarsha misled backers and used investor funds for personal expenses.
- U.S. prosecutors charged Few and Far founder Taj Tarsha with securities and wire fraud tied to a $10 million fundraising.
- The authorities say investor funds meant to build an NFT marketplace were diverted to gambling, crypto trades and personal expenses.
- An internal audit uncovered the alleged misconduct in June 2023. The FAR token debuted in May 2024 but soon became effectively worthless and stopped trading, prosecutors said.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Bank group sues U.S. regulator over granting crypto trust charters
SEC proposes new crypto custody rules for investment advisers and funds
Another Trump memecoin dinner advertised for token's top investors
Original sourceCoinDesk
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