Tech
Where is Centra Tech co-founder Ray Trapani now?
Ray Trapani and his high school friend, Sam “Sorbee” Sharma were the co-founders of Centra Tech. At the time of its founding, this company fraudulently claimed to raise funds via an initial coin offering (ICO). Furthermore, their cryptocurrency would be called Centra.
Cetra would work like other cryptocurrencies, such as Bitcoin, Ether and Dogecoin. The most significant advantage of these currencies is that transactions are carried out via a decentralized system. This means there is no involvement from the banks or the government. As Centra Tech’s popularity has increased, famous names like Floyd Mayweather Jr. and DJ Khaled have endorsed them. However, second Netflix’s Tudumeverything collapsed after the denunciation of the New York Times journalist Nathaniel Popper.
At Bitconned, Ray Trapani says that illegal activities have always fascinated him. Before founding Centra Tech, Trapani ran an illegal prescription drug business with his friends. After his bankruptcy, he cleaned up his act by running a legitimate company with two former classmates. His new company rented exotic, luxury vehicles to white-collar residents of Miami.
For his role in Centra Tech, the FBI arrested him in 2018. However, because he cooperated with federal authorities, he received lenient treatment. Second The Cinemaholic, Ray Trapani currently splits his time between New York and Florida. Still in his early thirties, he has a son with his partner, Kimberly Costanzo.
Second IMDbwe read in the synopsis of the documentary lasting 1 hour and 34 minutes,
“In this true crime documentary, three teens exploit the free cryptocurrency market to scam millions of investors and fund lavish lifestyles.”
Bitconned is directed by Bryan Storkel. He is best known for being the producer of The Legend of Cocaine Island and the director of The Pez Outlaw.
Bitconned on Netflix: When did Ray Trapani and Sam Sharma co-found Centra Tech?
Ray Trapani and Sam “Sorbee” Sharma founded Centra Tech in 2017. Sharma introduced Trapani to the lucrative world of cryptocurrency. Additionally, Trapani was heavily in debt due to student loans and needed a way to earn a lot of money.
In Bitconned, Trapani says: “Since I was a child I always wanted to be a criminal. It was never like, “I’m going to be a doctor,” or “I’m going to be a scientist.” If I could have written it in my yearbook, I would have written, “I want to be a criminal.”
The official website of Centra Tech claimed to have an elaborate system for making money. Furthermore, he also said that the executive team had degrees from Ivy League colleges. However, none of this was true. In the documentary, Trapani also states: “We knew nothing about this fucking thing. But it didn’t matter at all. …. We lied, we cheated, we made millions of dollars.”
New York Times journalist Nathaniel Popper said: “Centra was the archetype of what was wrong with cryptocurrency. During the ICO boom, there were people doing these serious projects – guys with PhDs from Stanford, from MIT – at the same time that there were these guys who were agents at car rental companies in Miami who collected exactly the same amount of money as MIT graduate students – without any experience.”
Ultimately, Ray Trapani, Sam Sharma, and another individual named Robert Farkas were convicted of several crimes. Because Trapani cooperated with the officers, the court sentenced him to one year and one day in prison.
Robert Farkas was sentenced to a year and a day in prison. However, Coin bank reports that on March 5, 2021, Sam Sharma received an eight-year sentence.
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