NFT marketplace Few and Far's founder charged in $10M fraud case

Taj Tarsha, 34, founder of NFT marketplace Few and Far, has been charged with securities fraud and wire fraud — each count carries up to 20 years in prison if convicted.

Per the U.S. Attorney's Office for the Southern District of New York, Tarsha raised over $10 million starting in 2022 from at least 67 investors through SAFTs (Simple Agreements for Future Tokens) — promises to deliver project tokens in the future. A 2023 audit uncovered misconduct: Tarsha allegedly concealed the company's real financial condition while directing investor funds toward online gambling, speculative cryptocurrency trades, nearly $1 million in bonuses, an inflated personal salary, a Miami condominium loan, interior design services, and funding his own DJ hobby. "When he finally launched the FAR token in May 2024, it was effectively worthless and soon ceased trading," prosecutors stated.

• Over $10 million raised from at least 67 investors through SAFTs
• The FAR token launched in May 2024 — it was worthless immediately and stopped trading
• Two counts of fraud, each carrying up to 20 years in prison if convicted

The Few and Far case joins a string of high-profile NFT fraud prosecutions — including the Mutant Ape Planet, Frosties, and Baller Ape Club projects. Cases like these sharpen an ongoing debate over how well future regulation can actually fight schemes like this: we recently covered how New York's attorney general warned that the proposed CLARITY Act could weaken exactly this kind of fraud enforcement. For anyone still getting familiar with NFTs and wondering what kind of asset these cases actually involve, we have a separate explainer on what an NFT is.

Nothing here should be taken as financial advice — just information to consider.