Jake Paul, Lindsay Lohan among 8 charged in SEC cryptocurrency case
3/23/23
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from The Washington Post,
3/23/23:
The Securities and Exchange Commission said Wednesday it had charged a handful of celebrities — including the internet provocateur-turned-professional boxer Jake Paul and actress Lindsay Lohan — with promoting cryptocurrencies without disclosing that they were compensated for doing so.
Paul, Lohan, the former teen heartthrob Austin Mahone and the rapper Soulja Boy (whose legal name is DeAndre Cortez Way) were among eight celebrities the SEC said had illegally promoted cryptocurrencies Tronix (TRX) and BitTorrent (BTT).
The SEC also charged entrepreneur Justin Sun and three of his companies for “the unregistered offer and sale” of TRX and BTT.
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