More celebrities are being accused of participating in a cryptocurrency scheme, and they’re paying the price for doing so. Actress Lindsay Lohan and YouTuber-turned-boxer Jake Paul, amongst 6 other celebrities, were slapped by the Securities & Exchange Commission (SEC) with an official complaint accusing them of promoting cryptocurrencies without disclosing they were paid to do so. Six of them have agreed to pay a combined more than $400k in penalties without admitting or denying the allegations.
The SEC allegations are part of the federal agency’s larger enforcement action against cryptocurrency mogul Justin Sun and three of his companies.
This isn’t the first time celebrities have faced allegations that they participated in crypto schemes. Kim Kardashian settled for $1.26 million for hyping a currency called EMAX. And Tom Brady and Larry David are among several celebrities named in a class action for promoting FTX, the crypto exchange that collapsed in November.
This incredible product gave me the confidence I had been searching for. I went from 110kg to a remarkable 70kg. Say goodbye to excess weight and click here to begin your transformation!
Your writing style is friendly and engaging, making readers feel comfortable as they explore different money-making strategies. To delve deeper, click here.
Make your money work for you! click here to explore a range of investment opportunities that can help you build wealth over time.
I’m impressed with the quality of your blog post. The information provided was well-organized and easy to follow. click here to explore further on the topic. Thank you for sharing your expertise!
I appreciate the relevant examples and case studies you’ve included in your post. They illustrate the concepts effectively. For more information, click here.
Thank you for addressing the potential challenges and setbacks that may arise on the journey to making money. It’s a realistic view that prepares readers for the road ahead. click here for more details.
Thank you for providing such an informative and well-structured blog post. I appreciated the way you presented the information and the practical applications you discussed. To learn more, click here.
Great job on your blog post! The content was informative, and I appreciated the practical examples you provided. To delve further into this topic, click here.
Your post highlights the potential of creating and monetizing content in the digital age. It’s a powerful way to share knowledge and generate income. For more insights, click here.