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Bitconned’s Robert Farkas: Where is the Centra Tech Co-Founder Now?

Centra Tech, founded by Ray Trapani, Sohrab “Sam” Sharma, and Robert Farkas. It fraudulently raised millions of dollars from investors and faced investigation by authorities. Bitconned’s Robert Farkas: Where is the Centra Tech Co-Founder Now? Farkas served a one-year-and-one-day prison sentence but, as of the current writing, has completed his time and is now a free man. He faced charges for conducting an illegal initial coin offering (ICO) that defrauded investors of over $25 million.

 The documentary exposes how the company convincingly persuaded people to invest in their idea, leading to its eventual collapse.

Bitconned’s Robert Farkas: Where is the Centra Tech Co-Founder Now?

Robert, not appearing as a cryptocurrency expert like Ray Trapani. It had a previous career as a male stripper, as highlighted in the documentary. Introduced to the business by Sohrab “Sam” Sharma, he joined the team eagerly and was eventually named the company’s CFO, despite lacking an understanding of the role.

A journalist from The New York Times contacted Robert about a story on celebrities in cryptocurrency. That is leading to a crucial moment in the downfall of Centra Tech as Robert redirected the call to Ray. Subsequently sentenced to a year in jail for his involvement in the scam. Robert’s current whereabouts remain unknown, although he featured in the Netflix documentary.

Released from prison in late 2021, Robert is likely on supervised release in Florida, his home state. Since the documentary’s release, he has chosen to stay out of the public eye, letting the footage in Bitconned explain his position on the situation. Notably, there’s evident tension between him and his co-conspirators, particularly Ray Trapani.

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Robert’s Introduction and Bitconned’s Robert Farkas Where is the Centra Tech Co-Founder Now

Much like Ray Trapani, Robert, who didn’t project expertise in cryptocurrency, had a past as a male stripper, a fact highlighted in the documentary. Introduced to the business by Sohrab “Sam” Sharma, he eagerly joined the team, excited about the prospect. Sam recruited Robert, his girlfriend’s brother, to support company operations, as Sam appeared to handle a significant workload alone. Despite being named the company’s CFO, it became apparent that Robert lacked an understanding of the role. Nevertheless, he actively contributed by leading online interactions with potential investors and organizing conferences and booths at conventions to attract investments.

A crucial moment arose when Robert received a call from a journalist at The New York Times working on a story about celebrities in cryptocurrency.

Facing legal consequences, Robert was sentenced to a year in jail for his involvement in the scam. Though featured in the Netflix documentary, his current whereabouts remain unknown. Released from prison in late 2021, he likely resides in Florida, his home state, under supervised release. Despite the recent film release, Robert has chosen to stay out of the public eye. Letting the documentary explain his stance on the situation. Notably, tension exists between him and his co-conspirators, particularly Ray Trapani.

Robert’s Critique of Ray in the Documentary

Ray Trapani as a young boy in “Bitconned.”

In the documentary, Robert bluntly expresses a critical perspective on Ray, asserting that he doesn’t remember Ray contributing significantly. He goes further, claiming that Ray had a strong affinity for money. Despite completing his prison sentence, Robert’s opinion of Ray remains unfavorable. He explicitly labels Ray as a “degenerate” in the film and contends that Ray’s primary motivation was to “stuff his pockets.” This portrayal underscores the strained relationship between the two, emphasizing Robert’s negative perception of Ray’s actions and motivations throughout their involvement in the cryptocurrency scam.

Centra Tech’s Double Scam and Legal Fallout

In “Bitconned,” Farkas reveals that Centra Tech, seeking legal advice. It consulted a supposed attorney named Eric Pope, who turned out to be a college student. Farkas recalls in the documentary, “All the emails he sent us with the [Securities and Exchange Commission] were fake. Everything was a lie.”

Centra Tech, lacking SEC approval, faced legal consequences. Farkas and Sharma were the initial individuals charged in April 2018, with Trapani following weeks later. The agency reported, “Farkas made flight reservations to leave the country but was arrested before he was able to board his flight.”

Having pleaded guilty to “conspiring to commit securities fraud and wire fraud” in 2020, Farkas received a one-year prison sentence. In addition to the Centra Tech team’s repercussions, Floyd Mayweather Jr. and DJ Khaled faced penalties for promoting the company without disclosing payments. Now released from prison, Farkas participated in telling Centra Tech’s story for Bitconned. He expresses dissatisfaction that Trapani faced no jail time. After the judge praised Trapani’s cooperation as “extraordinary,” Farkas questions the government’s “audacity” to commend his former colleague as “a good guy.”

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