Who Is Ray Trapani? Wiki, Age, Wife, Net Worth, Family, Height & More

Ray Trapani is a former co-founder and COO of Centra Tech, a cryptocurrency company that was exposed as a massive fraud in 2018. He was one of the main architects of the scam that duped investors out of more than $25 million through a fake initial coin offering (ICO). He is also the subject of a Netflix documentary titled ‘Bitconned’, which chronicles his rise and fall as a crypto conman.

Early Life and Background

Ray Trapani was born in the early 1990s in Atlantic Beach, New York, to a single mother, Kerri Ann Hagner. He has two brothers, and his biological father was absent from his life. He grew up in a modest household, with financial and emotional support from his grandparents, Patsy Boyle and William “Bill” Hagner. His grandfather, Bill, was a successful businessman in the elevator industry, and Ray idolized him. Ray claims that he always wanted to be rich and successful and that he was influenced by his grandfather’s wealth and lifestyle.

Ray attended Lawrence High School, where he met his future co-founders of Centra Tech, Sam “Sorbee” Sharma and Robert Farkas. The trio shared a passion for cars, money, and partying, and they became close friends. After graduating from high school, Ray moved to Miami, Florida, where he started a luxury car rental business called Miami Exotics, with the help of his grandfather, who took out a $250,000 loan against his house to fund Ray’s venture. Ray also convinced some of his other family members to invest in his business, promising them high returns.

Ray Trapani Wiki/Bio

NameRay Trapani
Date of BirthEarly 1990s
Place of BirthAtlantic Beach, New York
NationalityAmerican
EthnicityWhite
Height5’10″
OccupationFormer COO and co-founder of Centra Tech
SpouseKimberly “Kim” Marie Costanzo Trapani
ChildrenOne son
Net Worth$500,000 (estimated)
Instagramraytrapani
Homepagenewsunzip.com

Centra Tech Scam

In 2017, Ray joined forces with Sorbee and Farkas to launch Centra Tech, a cryptocurrency company that claimed to offer a debit card that would allow users to spend their digital coins at any merchant that accepted Visa or Mastercard. The company also claimed to have partnerships with major brands like Bancorp, Visa, and Mastercard, and to have a team of experienced executives and advisors, including celebrities like DJ Khaled and Floyd Mayweather, who endorsed the project on social media.

However, Centra Tech was nothing but a sham, as the company had no such partnerships, no such card, and no such team. The company’s website, whitepaper, and marketing materials were full of lies, exaggerations, and fake credentials. The company’s ICO, which ran from July to October 2017, raised over $25 million from unsuspecting investors, who bought the company’s tokens, called CTR, in exchange for Ethereum, Bitcoin, or other cryptocurrencies.

Ray was the mastermind behind the deception, as he created fake profiles, documents, and websites to make the company look legitimate. He also hired actors, models, and influencers to pose as the company’s employees, customers, and supporters. He used his skills in Photoshop, web design, and social media to manipulate the public perception of the company. He also spent lavishly on cars, houses, clothes, and parties, living a life of luxury and excess.

Physical Stats

WeightIn Kilograms: 75 kg
In Pounds: 165.43 lbs
HeightIn Feet Inches: 5′ 9″
In Meters: 1.75 m
In Centimetres: 175 cm
Hair ColorBlonde.
Eye ColorBlue.

Arrest and Sentencing

In October 2017, the U.S. Securities and Exchange Commission (SEC) issued a warning to the public about the risks of investing in ICOs, especially those that are unregistered and unregulated. The SEC also launched an investigation into Centra Tech, and in April 2018, Ray, Sorbee, and Farkas were arrested and charged with multiple counts of securities fraud, wire fraud, and conspiracy. The SEC alleged that the trio had violated the federal securities laws by selling unregistered securities, making false and misleading statements, and defrauding investors.

Ray cooperated with the authorities and provided information and evidence that helped the prosecution build their case against Sorbee and Farkas. He also pleaded guilty to one count of securities fraud and agreed to forfeit over $2.9 million in ill-gotten gains. In November 2021, he was sentenced to five years of probation, with six months of home confinement and 300 hours of community service. He also agreed to pay restitution to the victims of the scam. He was the only one of the three co-founders who avoided prison time, as Sorbee was sentenced to eight years, and Farkas was sentenced to one year.

Personal Life, Spouse & Kids

Ray is married to Kimberly “Kim” Marie Costanzo Trapani, whom he met in 2021, while he was out on bail and wearing an ankle bracelet. They have a son, who was born on the same day that Ray was sentenced. Ray claims that he loves his wife and son and that he wants to be a better person and a good father. He also claims that he regrets his involvement in the scam and that he wishes he could undo the harm he caused to his investors, his family, and his reputation.

Net Worth

Ray’s current net worth is unknown, but it is estimated to be around $500,000, as of 2024. He claims that he still has some money left from his crypto ventures, but he refuses to disclose the source or the amount. He also claims that he is starting a new business, called Cambridge & Brown, which offers loans to people in need at 50% interest. He says that he is not doing anything illegal, and that he is just trying to make a living.

Netflix Documentary

Ray is also featured in a Netflix documentary, called ‘Bitconned’, which was released in January 2024. The documentary, directed by Bryan Storkel, follows Ray’s journey from a dreamer to a scammer and exposes the dark side of the crypto world.

The documentary also interviews Ray’s family, friends, victims, and law enforcement officials, who share their perspectives on Ray and his actions. The documentary has received mixed reviews from critics and viewers, who have praised its storytelling, but also criticized its glorification of Ray and his lifestyle.

Ray Trapani is a former co-founder and COO of Centra Tech, a cryptocurrency company that was exposed as a fraud in 2018. He was one of the main architects of the scam that duped investors out of more than $25 million through a fake ICO. He was arrested and charged with multiple counts of securities fraud, wire fraud, and conspiracy, but he cooperated with the authorities and avoided prison time. He is married and has a son, and he claims that he regrets his involvement in the scam and wants to be a better person. He is also the subject of a Netflix documentary, called ‘Bitconned’, which chronicles his rise and fall as a crypto conman.

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