The U.S. Department of Justice has charged Taj Tarsha, founder of Few and Far, with securities fraud and wire fraud. Taj Tarsha raised over $10 million from at least 67 investors by selling approximately 95 million FAR token interests, diverting the funds for online gambling, purchasing crypto assets, paying mortgage loans on a Miami apartment, and personal DJ activities. Additionally, Taj Tarsha is accused of misappropriating nearly $1 million in company funds through undisclosed bonuses and excessive compensation, while providing investors with false explanations.
Few and Far Founder Taj Tarsha Accused of Misusing Over $10 Million in Funds
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Summary
The U.S. Department of Justice has charged Taj Tarsha, founder of Few and Far, with securities and wire fraud. According to crypto news, Tarsha allegedly raised over $10 million from 67 investors through 95 million FAR tokens. The funds were reportedly used for gambling, cryptocurrency trading, Miami apartment loans, and DJ events. Crypto Today reports that he also siphoned nearly $1 million through undisclosed bonuses and salaries, while providing false justifications to investors.
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