Sean S. Buckley, Deputy United States Attorney, and James C. Barnacle, Jr., Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation, announced on Aug. 5 that Taj Tarsha, founder of Few and Far Limited, has been indicted for securities and wire fraud. The indictment alleges that Tarsha defrauded investors by making false statements about how their funds would be used and misappropriating those funds for personal benefit. Tarsha was previously arrested on June 6, 2026. The case is assigned to U.S. District Judge Lewis A. Kaplan.
“As alleged, Taj Tarsha raised millions of dollars from investors by promising that their investments would be used to build a marketplace for non-fungible tokens, but he instead breached their trust by stealing those funds for his own personal benefit,” said Deputy United States Attorney Sean S. Buckley. “Investors are entitled to the truth when choosing to make an investment, and this Office and our law enforcement partners will hold business leaders responsible when they lie for their own gain.”
“Taj Tarsha is alleged to have concealed fraudulent conduct behind his crypto startup, using investor funds for personal benefit,” said FBI Assistant Director in Charge James C. Barnacle, Jr. “Protecting the integrity of our financial markets is a priority, and the FBI remains steadfast in its commitment to conducting thorough and fact-driven investigations into potential financial offenses.”
According to the indictment, Tarsha founded Few and Far as a decentralized marketplace for non-fungible tokens (NFTs). Beginning in February 2022, he solicited investments through Simple Agreement for Future Tokens (SAFTs), raising over $10 million from at least 67 investors who were promised future FAR tokens meant to be integrated into the platform’s ecosystem.
The indictment alleges that almost immediately after raising these funds, Tarsha began misappropriating money for gambling at an online casino and purchasing speculative cryptocurrencies. He also took nearly $1 million as bonuses under false pretenses while hiding these actions from investors and a co-founder; additionally, paying himself what he acknowledged was an unreasonable salary given Few and Far’s lack of revenue or product.
In June 2023, an audit revealed these activities; however, according to prosecutors, Tarsha continued misleading investors about how funds were being spent while firing most staff members yet instructing one contractor merely to create an appearance of ongoing development work on the marketplace project.
Tarsha is charged with securities fraud and wire fraud—each carrying maximum sentences of up to 20 years imprisonment if convicted—though sentencing will ultimately be determined by a judge if there is a conviction.
Buckley praised the work of the FBI during this investigation, which is being handled by the Securities and Commodities Fraud Task Force with Special Assistant U.S. Attorney Michael S. DiBattista leading prosecution efforts.
The charges remain allegations only; all defendants are presumed innocent unless proven guilty.