Feds Say an NFT Founder Raised $10 Million Only to Blow It All on Gambling, Trading, and a DJ Hobby
Summary
Federal prosecutors charged Taj Tarsha, founder of NFT marketplace Few and Far, with securities fraud and wire fraud. He is accused of raising more than $10 million from at least 67 investors in 2022 through SAFTs tied to 95 million FAR tokens, while claiming the money would build a decentralized NFT platform. Prosecutors say he instead quickly spent investor funds on online gambling, speculative crypto trades, bonuses, an inflated salary, a Miami condo loan, interior design, and personal hobbies. They also allege he concealed the company’s financial problems after a 2023 audit, even after laying off most employees. When FAR launched in May 2024, prosecutors say it was effectively worthless and soon stopped trading.
