Sam Sharma is the co-founder of Centra Tech and very much involved in cryptocurrency case. He was charged with fraud in 2018. He received most prison time among all three co-founders. Not only does he not make an appearance in the Netflix series ‘Bitconned,’ but his actions have certainly sparked the curiosity of people all over the world regarding his whereabouts.
Who Is Sam Sharma?
Sam Sharma’s real name is Sohrab “Sam” Sharma. As of the year 2024, he is still jailed. In 2021, he was given a sentence of eight years in prison and was required to forfeit more than thirty-six million dollars. The sentencing statement reads,
“Sohrab Sharma led a scheme to deceive investors by falsely claiming that the start-up he co-founded had developed fully functioning, cutting-edge cryptocurrency-related financial products. In reality, Sharma’s most notable inventions were the fake executives, fake business partnerships, and fake licenses that he and his co-conspirators touted to trick victims into handing over tens of millions of dollars.”
Following Bitconned, Sharma issued a statement through his attorney in which he stated that he, “denies the various claims made by several individuals in this documentary. In the near future, [he] looks forward to telling the true story of Centra Tech and its background.”
How Old Is Sam Sharma?
As of 2024, Sohrab “Sam” Sharma’s age is 33 years old. He was born in 1991 in USA. His mother name is, Kerri. He might be dating someone whose name has been not revealed by him. Sam’s height is 5’7”.
Sam Sharma Friendship With Ray Trapani
Sam Sharma and Ray Trapani were both students at the same high school, although Ray was not a fan of Sam. Ray met with him after school when he and his friend Bert founded Miami Exoctics. Although Ray had his doubts, he agreed to have Sam join the team after Bert suggested the idea.
They joined up to form Centra Tech, a cryptocurrency startup that promised to solve a major problem for cryptocurrency holders: making everyday purchases with their blockchain funds. Centra Tech launched its own form of cryptocurrency called Centra coins.
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The brilliant business plan at the same time was not at all what it seemed. During a coin offering in July 2017, investors put over $25 million into the company, believing it would be the market’s next big thing.
Centra Tech came under investigation for a variety of reasons including celebrity partnerships that fell through at the first sign of trouble, according to Ray Trapani. Sam was improperly forced to repeatedly defend the company’s reliability in an effort to keep their scam a secret.
When Will Sam Sharma Be Released From Prison?
Sam is set to be released on August 19, 2027, after having already fulfilled his sentence.
Sam Sharma Fine and Charges
Sam made a guilty plea to three counts of fraud on July 17, 2020: securities, wire, and mail. He was ordered to forfeit $36,088,960, fined $20,000 and placed on three years of supervised release. According to the statement that Sam’s team released, he is innocent of any illegal activity that the film may portray him as having committed.
