The court ruled Floyd Mayweather and DJ Khaled from the list of defendants, ICO, Centra

Boxer Floyd Mayweather and record producer DJ Khaled, and two members of the cryptocurrency project Centra Tech was excluded from the number of defendants associated with the deception of investors during the ICO. It is reported by CoinDesk.

Mayweather and DJ Khaled promoted ICO-campaign Centra Tech in social networks, however, the Federal judge Robert Scola considered it unproven that the plaintiffs bought the CTR tokens in the actions of the defendants.

Omnibus Order on Motion to Dismiss — Mayweather, Khaled Sykes, Stanley by ForkLog on Scribd

«There is no evidence that the plaintiffs ever saw the promotional materials for Mayweather, and DJ Khaled, not to mention the fact that as a result of this advertising they purchased tokens Centra Tech», — stated in the decree.

In turn, the charges against the two employees of Centra Tech Stephen Sykes and Stephen Stanley was based on the fact that they participated in the project website.

«The complaint of the plaintiffs, however, devoid of any specificity regarding the content of the website at the time of its launch, the alleged misleading information on the website, and who determined its content. There is also no evidence that the plaintiffs ever visited a website», — said the judge Scola.

Nevertheless, the court will continue consideration of the claim against the founders of the project Centra Tech Raymond Trapani, Sohrab Sharma and Robert Farkas for their accusation of fraud in the conduct of the ICO. They face up to 20 years in prison for using fictitious information about the management of the company and «non-existing business relationship» with Bancorp, Visa and Mastercard.

Recall that a lawsuit against ICO Centra was filed in 2017. In the framework of the campaign the project raised $32 million for the development of debit cards for cryptocurrency.

In November 2018, the Commission on securities and exchange Commission (SEC) has fined Floyd Mayweather and DJ Khaled for a total of $767,5 thousand for advertising fraudulent ICO. At the same time, Mayweather has banned advertising any securities for three years, and DJ Khaled — two.

In may 2019 the representatives of Robert Farkas and Sohrab Sharma accused the FBI of illegally seizing items of correspondence in the messenger Slack.


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