Few and Far Founder Indicted in $10 Million Fraud Scheme

The indictment, unsealed by the Southern District of New York on August 5, paints a picture of a company built on broken promises. Between February 2022 and the launch of the FAR token in May 2024, Tarsha allegedly sold rights to future tokens through Simple Agreements for Future Tokens (SAFTs). While investors were led to believe their funds would finance a functional marketplace and corporate development, prosecutors claim the platform remained largely unfinished and failed to generate material revenue.

Evidence cited in the filing suggests a pattern of financial misconduct. After an internal audit in June 2023 revealed $1.2 million in undisclosed bonuses, a co-founder reportedly returned half the funds. Tarsha, however, allegedly refused to relinquish his portion and later moved to seize control of company assets by dismissing staff who managed the project's digital wallets. By the time the FAR token launched, it plummeted over 99% from its initial $0.13 opening price, leaving investors with essentially worthless assets.

Tarsha, who was arrested in Miami on June 6, now faces two criminal counts, each carrying a maximum potential sentence of 20 years. The case, assigned to U.S. District Judge Lewis A. Kaplan, centers on the assertion that Tarsha treated the startup as a personal bank account rather than a legitimate business venture. The defendant remains presumed innocent until proven guilty in court.