Taji Tarshe, the founder of Few and Far, an NFT startup, has been charged by the U.S. Department of Justice with securities and electronic fraud. The allegations state that instead of using funds to develop the platform, Tarshe diverted more than $10 million for personal use, including cryptocurrency trading, gambling, and real estate purchases in Miami.
The fraudulent activities were revealed during an internal audit in June 2023, which led to the rapid devaluation of the 95 million FAR tokens issued in May 2024, ultimately resulting in a halt in trading. If convicted, Tarshe could face up to 20 years in prison.
