NFT Startup Founder Accused of Using Investor Funds for Lifestyle

TL;DR

• Taj Tarsha faces securities and wire fraud charges after allegedly diverting investor money raised for NFT marketplace Few and Far into personal expenses.
• Prosecutors say the company collected more than $10 million from nearly 70 investors through agreements covering 95 million future FAR tokens in total.
• An audit reportedly exposed gambling, digital-asset speculation, condominium and DJ spending, while most staff had been fired and development merely appeared active to investors.

Federal prosecutors have charged NFT startup founder Taj Tarsha with securities fraud and wire fraud, alleging that he diverted millions of dollars raised from investors into personal spending rather than building the promised marketplace. The 34-year-old Miami resident founded Few and Far Limited, presented as a decentralized platform for non-fungible tokens. The case centers on whether a token-funded startup became a vehicle for lifestyle expenses almost immediately after collecting investor money during fundraising efforts. Each charge carries a potential maximum sentence of 20 years, although the allegations remain unproven and Tarsha has not been convicted.

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