US-based Centra offered an ICO (Initial Coin Offering) last September, promising investors a debit card for cryptocurrencies and garnering $32M (91,000 ETH), now worth $64M. During the ICO they were promoted by celebrities DJ Khaled and Floyd Mayweather.
But shortly after the ICO, the three co-founders of Centra were arrested for securities fraud and wire fraud after it was revealed that they presented fake partnerships with Visa and Mastercard and used a fake CEO to entice investors.
Today (Tue) they were indicted by the US Attorney's Office for the Southern District of New York and they each expect up to 20 years in prison, in addition to expected civil penalties.
The 91,000 ETH received in the ICO were impounded by federal prosecutors and it's still unclear what will happen to them.