NFT Startup Few and Far Founder Taj Tarsha Charged With $10 Million Securities Fraud

Federal prosecutors have indicted Taj Tarsha, the 34-year-old founder of NFT startup Few and Far Limited, on securities and wire fraud charges. Prosecutors allege Tarsha raised over $10 million from at least 67 investors starting in 2022 under the pretense of building a decentralized NFT marketplace. Instead, Tarsha allegedly misappropriated the funds for online gambling, crypto trading, a Miami condo loan, and his DJ hobby. Tarsha's defense attorneys maintain his innocence, attributing the startup's failure to a broader collapse in the NFT market.

Few and Far fraud indictment

• ▪Taj Tarsha was arrested on June 6, 2026, and faces a maximum sentence of 20 years in prison for each count if convicted.
• ▪Taj Tarsha's criminal case has been assigned to U.S. District Judge Lewis A. Kaplan in New York.
• ▪The U.S. Attorney’s Office for the Southern District of New York indicted Few and Far Limited founder Taj Tarsha on charges of securities fraud and wire fraud.

Misuse of investor funds

• ▪An audit in June 2023 uncovered the financial discrepancies, after which Taj Tarsha allegedly laid off nearly all staff while instructing a remaining contractor to create the appearance of active development.
• ▪Taj Tarsha allegedly paid himself nearly $1 million in undisclosed bonuses and a high salary while Few and Far Limited generated zero revenue.
• ▪Taj Tarsha allegedly used investor funds to pay a personal tax bill, secure a $1 million loan for a Miami condominium, pay for interior design, and fund a DJ hobby.
• ▪Taj Tarsha allegedly misappropriated investor funds for online casino gambling, speculative cryptocurrency trading, and personal expenses.

FAR token launch failure

• ▪The FAR token launched in May 2024, but it lost over 99% of its value, became effectively worthless, and had its trading suspended shortly after.
• ▪Taj Tarsha's defense attorneys, Evan T. Barr and Kaela Dahan, stated that Taj Tarsha is innocent and that the project's failure was due to a broader NFT market collapse.

FBI crypto crime enforcement

• ▪Federal prosecutors recently charged veteran FBI counterintelligence agent Patrick Steven Yaroch with allegedly stealing approximately $1 million in cryptocurrency from cases he investigated.
• ▪Federal authorities arrested 21-year-old Florida resident Zyaire Dontaevious Zamarion Wilkins for allegedly running a cryptocurrency theft scheme that hid malware inside video games.

SAFT investment scheme details

• ▪Taj Tarsha began soliciting investments in February 2022, pitching Few and Far Limited as a decentralized marketplace for non-fungible tokens (NFTs).
• ▪Taj Tarsha raised over $10 million from at least 67 investors by selling Simple Agreements for Future Tokens (SAFTs) representing 95 million FAR tokens.

Perspective of Defense Counsel

• ▪Taj Tarsha's defense attorneys, Evan T. Barr and Kaela Dahan, stated that Taj Tarsha is innocent and that the project's failure was due to a broader NFT market collapse.