The upcoming trial of two men accused of running the fraudulent Centra Tech initial money offering (ICO), which raised $60 million after soliciting celebrity endorsements in 2022, has been postponed until September 2022.

On March 26, a U.S. district court published documents indicating that the trial of alleged Centra Tech operators, Sohrab Sharma and Robert Farkas, will be pushed from Apr 27 to Sep. three amid COVID-19 concerns.

The documents were uploaded after a court teleconference on the same day.

Commune judge prepares boosted backup plans

Noting concerns that other reschedulings may result in further delays to the trial, U.S. District Judge Lorna Schofield instructed all parties to reserve Nov. 12 as a possible redundancy date.

Negar Tekeei, the prosecutor from the Manhattan U.Due south. attorney's role, asserted that pushing the trial back any later could hazard having the trial take place during the holiday season — possibly resulting in further delays if vacations touch on both jury pick and the availability of the defendants' seven attorneys.

Sharma and Robert Farkas were arrested alongside Centra Tech's third co-founder, Raymond Trapani, by the Federal Bureau of Investigations (FBI) in May 2022.

The FBI seized 91,000 Ether (ETH) from the grouping — valued at more than than $60 meg at the time.

Floyd Mayweather and DJ Khaled charged for unlawfully promoting Centra Tech ICO

Centra Tech'south founders were charged with conspiring to commit and the commissioning of securities and wire fraud through the ICO. They were too charged with making material misrepresentations and omissions, as Centra Tech fabricated false claims about partnerships with major companies, including Visa, to dupe investors.

In Nov, the U.Due south. Securities and Substitution Commission also charged former pro boxer Floyd Mayweather and music producer DJ Khaled for unlawfully promoting the ICO and failing to disclose the payments of $100,000 and $50,000 that they received from Centra Tech respectively.

The government is expected to present at to the lowest degree one dozen witnesses alongside text messages and custodial testify in its bid to convict the pair.