Few and Far NFT Founder Charged with $10 Million Fraud

Federal Charges Against NFT Founder for Fraud

Federal prosecutors in Manhattan have charged Taj Tarsha, the founder of Few and Far, with securities fraud and wire fraud in connection with an alleged scheme that raised over $10 million for a planned nonfungible token (NFT) marketplace.

Details of the Allegations

The indictment, announced on August 5, 2026, claims that Tarsha misled investors regarding how their funds would be utilized. Prosecutors allege that he spent the investor money on personal expenditures, including gambling and housing costs, instead of investing in the development of the Few and Far marketplace.

According to the allegations, Tarsha raised funds from over 67 investors through Simple Agreements for Future Tokens (SAFTs), promising them that the capital would be earmarked for the creation of the FAR token and the associated marketplace. Instead, they claim he diverted the funds for personal use.

Impact on the FAR Token

The indictment highlights that the FAR token, which was launched in May 2024, saw its value plummet by more than 99%. Initially priced at approximately $0.13, it quickly declined, leading to its eventual delisting from an exchange.

Criminal Charges and Future Proceedings

Tarsha faces one count of securities fraud and one count of wire fraud. Each charge carries a maximum penalty of 20 years. This case has been assigned to U.S. District Judge Lewis A. Kaplan. Tarsha, currently presumed innocent unless proven guilty, had previously been arrested on June 6, 2026.

Investigation Background

The investigation, carried out by the Southern District of New York’s Securities and Commodities Fraud Task Force, also revealed that after a company audit uncovered undisclosed bonuses totaling $1.2 million, Tarsha refused to return his share, while a cofounder returned a portion of the funds. Tarsha has since been removed from controls over company wallets due to concerns over his activities.

Next Steps in the Case

The government now aims to prove its allegations beyond a reasonable doubt. Investigators are expected to pursue any potential forfeiture proceedings, restitution requests, or civil claims arising from this case, although no specific timeline for trial or next hearings has been provided.