Ray Trapani, at the center of a cryptocurrency scam as an adult, reveals that even as a child, he “always wanted to be a criminal” in new Netflix documentary Bitconned. Ray didn’t know how to create a debit card for cryptocurrency, but it was almost a no-brainer to try when one of his friends suggested doing so.
“We don’t know anything about this business, but it doesn’t matter,” Ray says in the trailer. It was so easy.”
Where is Ray now? Does he have a wife? Read all about it as you scroll down this article.
Netflix’s Bitconned: Meet Ray Trapani, Co-Founder of Centra Tech
Raymond ‘Ray’ Trapani co-founded the company involved in the Centra Tech scam along with partners Robert Farkas and Sohrab Sharma. Farkas, the brother of Sohrab’s girlfriend, and Raymond had worked with Sohrab at a luxury car rental company in Miami they founded called Miami Exotics.
During a presentation to potential investors, Sohrab claimed that Centra Tech’s CEO was educated at Harvard, had deals with major corporations like Visa Inc. and Mastercard Inc., and is licensed in more than 30 states.
The new Netflix show premiered on January 1, 2024 and focuses on the first cryptocurrency scams. Centra Tech’s foundation is a web of lies, including a fake CEO, non-existent partnerships, and non-existent technology.
Centra Tech’s three co-founders, Sohrab, Raymond and Robert, will be charged with fraud for their personal roles in the company less than a year after it opened for business. But not all of their sentences are the same.
Robert was the last co-founder of Centra Tech, according to Bitconned. In July 2017, Robert and his partners, Raymond and Sohrab, held an ICO or token sale, raising $25 million from investors who believed in Centra Tech’s claims.
Trapani claims in the video that Farkas is “definitely not qualified to be CFO,” but he also notes that Centra Tech needs a new CFO to keep up with the company’s growing online attention.
“I was organizing conferences, setting up booths and getting the community involved,” Robert said in the document. “It feels like we are changing the world.” According to Robert on Bitconned, Centra Tech hired Eric Pope, a college student, as a fake lawyer when the company needed legal advice. “He gave us fake emails related to the Securities and Exchange Commission. In the documentary, Robert remembers that “it was all a lie.”
Floyd Mayweather Jr. and DJ Khaled also had to pay fines for their roles in promoting Centra Tech without disclosing payments from the company, other than the Centra Tech group.
Where is Ray Trapani now?
Ray Trapani seems ready to reveal his story on Netflix as of now in 2024. While going through his Instagram, it was noticed that a 2021 post appears to be of friends his. He reposted the Bitconned trailer in which he appeared in recent days. Meanwhile, he featured singer Jason Derulo in his most recent IG post.
Ray pleaded guilty along with co-founders Sohrab “Sam” Sharma and Robert Farkas; however, his fate differed greatly from the other two men, as he was sent to prison. He appeared in court for sentencing in April 2022, the day his wife went into labor with their child; he was not imprisoned. His “extraordinary” cooperation in the criminal investigation was mentioned by the judge in his statement.
Bitconned claims that Ray was ordered by a judge to give his victim $2.9 million. The final update in the video says he plans to start Cambridge & Brown, a business that specializes in “providing loans to ‘people in need’ at 50% interest.”
Ray Trapani Net Worth
As of 2024, Ray Trapani’s net worth is over $500 thousand. According to his LinkedIn, he worked as a General Foreman at Safway Alantic from 2011 to 2014.
He then joined Miami Exotics as CEO, where he owned “a 34-car fleet of exotic and luxury cars, Rolls Royce’s, Ferrari’s, Lamborghini’s, Maserati, etc. As an owner, with a staff of 20 people, I make sure to calculate all my Vehicles and mainly buy and sell vehicles accurately, without wasting money on buying vehicles and making profits from both aspects. rental and dealership side. It is also necessary to coordinate and ensure that my manager is doing their job correctly. It is important to ensure every vehicle is inspected before and after drop-off and pick-up, and to ensure renters of these high-end vehicles have the correct insurance and payments.”
As of December 2016, Ray is a partner and consultant at Centra Tech.
Ray Trapani Age
It is known that, born in 1991, Ray Trapani turns 32 years old in 2023.
Is Ray Trapani married?
Ray Trapani is said to have a wife named Kimberly Costanzo. They are said to have met while out on bail and wearing an ankle bracelet. Kimberly became pregnant within a month of their meeting.
He claims his father-in-law and wife are co-signers on the loan, but he also slyly hints that his dark past is far from over; he may even be hiding some of the money he earns from Centra users.
Speaking of his wife, Kimberly appears to be working as a long-term Substitute Teacher. She was JV Soccer, Head Coach at St. Mary, Coordinator at Nubest and Guest Services at The Inn At Fox Hollow Hotel.
The couple are parents of at least two boys.
Related FAQs
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Where does Ray Trapani come from?
Ray Trapani is originally from Atlantic Beach, New York. He currently resides in Virginia Beach, Virginia.
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Is Ray Trapani on Instagram?
Yes, Ray Trapani is on Instagram (@raytrapani).
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When is Ray Trapani’s birthday?
Ray Trapani’s birthday is in February.