Mayweather ICO Founders Knocked Out by SEC for Fraud

The US Securities Exchange Commission’s new Cyber Unit task force has taken down boxing great Floyd Mayweather’s sponsor, Centra Tech. The Florida based company that claimed to be “creating a world connected to cryptocurrency” through their products has been charged with violating the anti-fraud and registration provisions of federal securities laws. The charges were brought when the SEC discovered the company has no agreement with either MasterCard or Visa to support their prepaid cards and also for having falsified impressive biographies and creating false or misleading marketing materials.

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