Bitconned, a new documentary by Netflix, chronicles the rise and fall of Centra, a cryptocurrency company that raised millions of dollars through an ICO before collapsing. The film includes interviews with Centra founder Raymond Trapani, who admits to engaging in fraudulent activities to make millions of dollars. Trapani's criminal history began in childhood with a scheme to sell stolen pharmaceuticals and continued with a failed luxury car rental business in Miami before pivoting to cryptocurrency with Centra. The company's downfall was accelerated by falsified celebrity endorsements and other fraudulent activities by its executives. Unfortunately, Centra Tech's story is not unique in the world of cryptocurrency, where fraud and corruption are prevalent.
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