Robert Farkas, one of the co-founders of Centra Tech, is the subject of a 2024 Netflix show Bitconned. He appeared on the show to reflect on one of the first scams to happen in the world of Cryptocurrency. So where is he now? How old is he? What is his net worth?
Here’s what we know about him.
Netflix’s Bitconned: Meet Robert Farkas, Co-Founder of Centra Tech
Robert Farkas co-founded the company involved in the Centra Tech scam along with partners Ray Trapani 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 Robert Farkas now?
The SEC did not license Centra Tech. In April 2018, Robert and Sohrab were the first to face charges, and Trapani was charged a few weeks later. “Farkas booked a plane ticket to leave the country, but he was arrested before he could board his flight,” the agency said.
According to the U.S. Attorney’s Office, Robert pleaded guilty to “conspiracy to commit securities fraud and wire fraud” in 2020 and was subsequently sentenced to one year in prison. Robert was able to participate in sharing Centra Tech’s story for Bitconned when he was released from prison and he was furious that Raymond got away completely without going to jail.
He also questioned the government’s “audacity” in describing Raymond as a “good man” after the judge described Raymond’s cooperation as “extraordinary.”
Robert Farkas Net Worth
In 2024, Robert Farkas’s estimated net worth exceeds $500 thousand. He faces three years of probation and forfeiture of $347,062 and a Rolex watch that was purchased with the proceeds of the fraud.
Robert previously pleaded guilty to conspiracy to commit wire fraud and securities fraud involving the use of material omissions and misrepresentations to induce investors to purchase securities in the form of tokens of company.
Lan T. Graff, top counsel to the acting U.S. attorney, said in a statement that “Farkas and his co-conspirators created fictitious executives and created business relationships joint venture with legitimate organizations to trick investors into handing over millions of dollars to a fraudulent ICO.”
Robert Farkas Age
Born in October 1986, Robert Farkas turns 37 years old in 2023.
Is Robert Farkas married?
Robert Farkas’s current marital status is unclear. He is very private when it comes to his personal life.
Related FAQs
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When is Robert Farkas’s birthday?
Robert Farkas celebrates his birthday in October.
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Where does Robert Farkas come from?
Public records reveal that Robert Farkas is from Miami Beach, Florida.
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Is Robert Farkas on Instagram?
It’s unclear whether Robert Farkas will appear on Instagram or not.