Crypto Cooperator Ducks Jail for $36 Million Centra Tech Fraud

By Pete Brush (April 4, 2022, 6:52 p.m. EDT) – A Manhattan federal judge on Monday cleared a former Centra Tech Inc. director to avoid jail time for his role in recruiting investors in a 36-year crypto fraud. million, crediting his decision to plead guilty and his “extraordinary” cooperation with prosecutors.

U.S. District Judge Lorna G. Schofield ordered defendant Raymond “Ray” Trapani, 31, who had served as the company’s chief operating officer, to forfeit approximately $2.9 million.

Judge Schofield said that despite Trapani’s extensive criminal history and having faced “an enormous amount of criminal activity”, his cooperation was “extremely valuable” and deserved a huge break.

Trapani admitted in mid-2019 to soliciting investment…

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