Regulations
By Dan Saada
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What the Indictment Actually Says. The paper trail here is damaging. Tarsha apparently had a pretty dim view of the business he was…
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A Pattern, Not a One-Off. Prosecutors aren't treating this as a few bad decisions.
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Taj Tarsha is in serious trouble. The founder of Few and Far now faces federal charges in New York after prosecutors accused him of diverting more than $10 million in investor…
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The money came from investors who bought rights to a future FAR token. That was the pitch: fund the development of an NFT exchange, get early access to the token, profit when the…
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When Few and Far's internal team figured out what was happening, they moved fast. They cut Tarsha out of the firm's multisignature wallet — basically the master key to the…
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He also reached out directly to investors. That outreach was probably meant to shore up support and project stability, but it came while the internal situation was already…
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Read also: Trump Meme Coins $3.8 Billion Wipeout Puts Senators on SECs Doorstep
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The FAR token did eventually launch. It dropped more than 99% in value. The NFT exchange — the whole reason investors handed over their money — never materialized.
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Prosecutors aren't treating this as a few bad decisions. The indictment frames Tarsha's conduct as a broader pattern of behavior: personal gains consistently prioritized over the…
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That framing matters legally. Securities fraud charges in cases like this often hinge on intent, and prosecutors will argue that Tarsha never seriously intended to deliver the…
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It's worth noting that cases like this have become more frequent as regulators and prosecutors catch up to the 2021-2022 NFT and token fundraising wave.
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See also: Bundesbank Finds €3,000 Digital Euro Cap Would Leave Banks Largely Unscathed
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Tarsha's case is still in early stages. No trial date has been set. His legal team hasn't publicly commented on the charges.
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Investors who bought FAR token rights are sitting on assets worth a fraction of what they paid — if those assets have any real value at all.
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