Overview
- The U.S. Department of Justice unsealed an indictment on Wednesday charging Taj Tarsha with securities fraud and wire fraud for his role running Few and Far, a startup that sold rights to FAR tokens through SAFT agreements.
- Prosecutors allege Tarsha raised more than $10 million from at least 67 investors by selling rights to 95 million FAR tokens beginning in 2022 and then began diverting the funds almost immediately.
- The indictment details alleged uses of investor money that include online casino gambling, speculative cryptocurrency trades, nearly $1 million in concealed bonuses and salary payments, a loan for a Miami condominium, interior design, and expenses tied to a DJ hobby.
- The FAR token finally launched in May 2024 but prosecutors say it was effectively worthless on debut and soon stopped trading, and an internal audit in June 2023 reportedly found misconduct that Tarsha concealed while cutting staff and faking development progress.
- Tarsha, who was arrested in June 2026, faces up to 20 years in prison on each count and potential forfeiture or asset remedies, and the case underscores growing federal enforcement of token pre‑sales and governance failures in the NFT space.