NFT Marketplace Founder Accused of Misusing Investor Funds

Taj Tarsha, the founder of the NFT marketplace Few and Far, has been charged with securities fraud and wire fraud by federal prosecutors. Authorities allege that he diverted millions of dollars raised from investors for personal use rather than for the development of the promised platform.

According to the U.S. Attorney’s Office for the Southern District of New York, Tarsha sold 95 million FAR coins, securing $10 million from 67 investors. He reportedly assured investors that their funds would be utilized to advance the NFT marketplace and the FAR token. Instead, it is claimed that Tarsha used the money for personal expenses, including a Miami condominium loan, interior design services, his DJ hobby, online gambling, and speculative crypto investments.

Additionally, he is accused of draining $1 million from investor funds to pay himself bonuses while maintaining a substantial salary. The FAR token, which launched in May 2024, quickly lost all its value and ceased trading.

Deputy United States Attorney Sean S. Buckley stated, “As alleged, Taj Tarsha raised millions of dollars from investors by promising that their investments would be used to build a marketplace for non-fungible tokens, but he instead breached their trust by stealing those funds for his own personal benefit.” If convicted, Tarsha faces up to 20 years in prison for each charge.