Few and Far Founder Taj Tarsha Indicted for $10M Securities Fraud
Taj Tarsha, founder of NFT startup Few and Far, has been indicted by federal prosecutors in Manhattan for alleged securities and wire fraud. The indictment claims that Tarsha took more than $10 million from investors and used it for personal expenses, including a Miami condominium, online casino bets, and speculative crypto investments.
The funds were supposed to be put toward funding the platform and FAR tokens, which were sold under Simple Agreements for Future Tokens (SAFTs). However, prosecutors say that instead of developing the marketplace, Tarsha used investor money to fund his DJ hobby and pay off personal debts. He even admitted to taking company assets, calling it 'unethical', according to his then-fiancée.
When an internal audit revealed missing funds in June 2023, Tarsha allegedly reassured investors that the bonuses were tied to preset FAR presale targets and that every remaining dollar was still needed to finish the project. However, he had already dismissed nearly all staff and left a single contractor to produce work that only looked like development.
The FAR token finally went live in May 2024, but it collapsed, losing over 99% of its value soon after launch. Tarsha was arrested on June 6, 2026, released on a $500,000 personal recognizance bond four days later, and is facing up to 20 years in prison.