Few and Far Founder Taj Tarsha Indicted for $10 Million Securities Scam

Taj Tarsha, the founder of NFT startup Few and Far, has been indicted by federal prosecutors in Manhattan on charges of securities and wire fraud. The authorities allege that he took over $10 million from investors and spent it on gambling, speculative crypto bets, and a Miami condominium instead of building the decentralized NFT marketplace he promised.

The indictment claims that Tarsha sold 95 million FAR tokens to at least 67 investors in February 2022. Investors paid up front for the right to receive FAR tokens once the platform was ready. However, instead of using the funds as intended, Tarsha spent it on various personal expenses.

Tarsha reportedly admitted to his then-fiancée that taking company assets was 'unethical.' He also hid two bonuses from investors and paid himself close to $1 million. The Few and Far team initially raised around $10.5 million in a funding round led by Pantera Capital.