The Securities and Exchange Commission has charged Akon, Soulja Boy, Lil Yatchy and a gang of other celebrities with illegally promoting crypto currency...
From The Daily Mail
The Securities and Exchange Commission (SEC) today charged eight celebrities including Lindsay Lohan and Jake Paul with 'illegally touting' crypto currencies.
As well as Lohan and Paul, the regulator said rappers Soulja Boy and Lil Yachty, singers Akon, Ne-Yo and Austin Mahone, and pornstar Kendra Lust, promoted the assets without disclosing they were being compensated.
With the exception of Soulja Boy and Mahone, the celebrities agreed to pay a total of more than $400,000 to settle the charges, without admitting or denying the SEC's findings.
The eight were charged alongside Chinese crypto baron Justin Sun who, as well as paying the stars, allegedly artificially inflated the price of the coins they were touting through a fraudulent practice known as 'trade washing.'
The SEC complaint filed in the Manhattan federal court alleges that Sun and his companies offered and sold cryptos through multiple unregistered 'bounty programs,' where the celebrities promoted the coins through social media.
10 comments:
$400k big ones. Ooo chile that's a hefty price to pay for some Faux money. Simps and dummies run behind celebs promising get rich quick money schemes.
Black folks have got to know that the big boys aren't going to let you in on "currency" scams when the biggest scam of all time is the federal reserve which isn't federal at all but is a collection of thug banks that charge the government to print our money that our Constitution says should only be minted by congress, but you ain't heard it from me.
They don't work for free.
Fast Money gets you Caught Up. They should know The Game.
KimK and a lot of them are getting caught she had to pay over a million dollars…smh
Where’s Akon City?
they got caught! Its crazy that they think they can scam
400k total. How much per person?
Crypto is the biggest scam lol smh. I give you dollars and you give me invisible funds that are only visible online? Yeah, ok.
Soulja Boy crackhead self don’t have it. His money goes into his nose and veins. .
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