Taj Tarsha is in serious trouble. The founder of Few and Far now faces federal charges in New York after prosecutors accused him of diverting more than $10 million in investor money away from the NFT platform he promised to build — and straight into personal gambling runs, speculative crypto trades, and a luxury Miami condominium. The indictment charges him with securities fraud and wire fraud.
The money came from investors who bought rights to a future FAR token. That was the pitch: fund the development of an NFT exchange, get early access to the token, profit when the platform launched. It’s a structure that became pretty common during the NFT boom years, when founders raised tens of millions on little more than a roadmap and a whitepaper. Tarsha’s team pulled in over $10 million that way. But according to prosecutors, the NFT exchange was never the real priority. Instead, funds went to personal gambling, unrelated business ventures, speculative cryptocurrency trading, and yes — supporting Tarsha’s DJ activities. The Miami condo purchase is also listed in the indictment.
Not exactly standard startup expenses.
What the Indictment Actually Says
The paper trail here is damaging. Tarsha apparently had a pretty dim view of the business he was running. He called the NFT space a “bubble” and described his own company as “the last juice I have to squeeze.” He also reportedly told his then-fiancée that he was misappropriating company assets and acknowledged it was wrong. That kind of private admission, if prosecutors can get it in front of a jury, is the sort of thing that’s hard to walk back…