Sohrab Sam Sharma’s world completely fell apart on April 1, 2018, when he was arrested by the FBI for multiple counts of bank and securities fraud. After all, he was the main person who took advantage of the erratic Bitcoin market to steal millions from gullible investors at the time, as closely examined in Netflix’s “Bitconned.”
So, even though he spent 8 years in federal prison, if all you want to know about his earnings, earnings, and total net worth as of press time, we still have Information For You.
Netflix’s Bitconned: Meet Sohrab Sam Sharma, Co-Founder of Centra Tech
Florida resident Sohrab “Sam” Sharma founded Centra and held several positions there, including president and chief technology officer. Sohrab officially announced his resignation from Centra on October 31, 2017, citing his desire to “support the Company’s continued growth.” At the time Centra was founded, Sohrab owned 100% of the company. On April 1, 2018, Federal Bureau of Investigation (“FBI”) officials arrested Sohrab.
Sohrab co-founded the company involved in the Centra Tech scam along with partners Robert Farkas and Ray Trapani. Robert, Sohrab’s girlfriend’s brother, and Raymond had worked with Sohrab at a Miami luxury car rental company 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 Sohrab Sam Sharma now?
The SEC decided to file a lawsuit against the owners of Centra Tech in April 2018. Sohrab was accused of running an unlicensed and fraudulent coin offering under the company Centra Tech, defrauding investors. Investing about 32 million USD. Sam’s arrest attracted widespread attention as he is the individual who has researched cryptocurrencies the most and is believed to have created most of the concepts on which Centra Tech was founded.
The willingness of Robert Farkas, the third cog in the Centra Tech machine, and Ray Trapani to testify against Sohrab helped prosecutors in their legal battle against him. Sohrab pleaded guilty to conspiracy to commit mail fraud, wire fraud and securities fraud on July 17, 2020. Sam was sentenced to eight years in prison on March 4, 2021, later. Robert stated that Sam’s parents were present during the socially distanced process used for sentencing. In addition, he was ordered to forfeit $36,088,960, pay a $20,000 fine and serve a three-year term of supervised release.
Sohrab received a much longer sentence than Robert because he played a major role in the plan that Centra Tech outlined, while Ray only received a time sentence. Sam’s release date is August 19, 2027, taking into account the time he served before his conviction. He is currently at the Federal Prison Camp in Montgomery, Alabama, as of this writing. Although he is not specifically mentioned in the Netflix documentary, the director made an effort to contact him and his team.
According to a statement released by Sohrab’s team, Sohrab did not commit the crimes the film accused him of committing.
“He is excited to share the true story of Centra Tech’s history in the near future,” his team continued. People who know Sam say they think he may still be keeping the money he made from Centra Tech, he just put it away carefully and has no connection to it.
Sohrab Sam Sharma Net Worth
Based on Movie addictSohrab Sam Sharma’s estimated net worth is around $8 to $10 million.
Sohrab Sam Sharma Age
In 2023, Sohrab Sam Sharma is 32 years old.
Is Sohrab Sam Sharma married?
While co-founding Centra Tech, Sohrab Sam Sharma was in a relationship with Brielle Farkas, Robert Farkas’s sister. He also appears to be in a relationship, which Ray’s mother Kerri also knows about.
Sohrab, a resident of Aventura, Florida, was convicted on March 4, 2021, of leading a criminal operation at Centra Tech. He was sentenced to eight years in prison, with three years of supervised release. To compensate for the losses he caused his victims, he was also ordered to forfeit an additional $36,088,960 and pay a fine of $20,000; however, records indicate that as of this writing, no victims have received any form of assistance.
Related FAQs
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Where does Sohrab Sam Sharma come from?
Sohrab Sam Sharma is said to be a resident of Aventura, Florida.
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Is Sohrab Sam Sharma on Instagram?
No, Sohrab Sam Sharma doesn’t seem to be on Instagram.
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When is Sohrab Sam Sharma’s birthday?
Sohrab Sam Sharma’s birthday is not available.