Lindsay Lohan and Jake Paul charged for promoting illegal crypto scheme.

Actress Lindsay Lohan, Youtube influencer Jake Paul, and several other celebrities have been charged with illegally promoting the cryptocurrencies of Chinese entrepreneur Justin Sun, who has been accused of fraud. The SEC has charged Sun with artificially inflating the trading volume of Tronix and BitTorrent and concealing payments made to celebrities to promote the tokens. Six of the celebrities agreed to pay more than $400,000 in disgorgement, interest, and penalties to settle the claims, while two others did not reach a settlement with the SEC.