SEC Charges Celebrities, Including Lindsay Lohan and Jake Paul, for Crypto Violations
TL;DR Summary
The SEC has charged eight celebrities, including Lindsay Lohan, Jake Paul, and Ne-Yo, for illegally promoting crypto asset securities Tronix (TRX) and BitTorrent (BTT) without disclosing that they were compensated for doing so. The charges were filed as part of a broader case against crypto entrepreneur Justin Sun and his companies for the unregistered offer and sale of TRX and BTT. The celebrities, except for Soulja Boy and Austin Mahone, agreed to pay over $400,000 in disgorgement, interest, and penalties to settle the charges.
- SEC sues celebrities including Lindsay Lohan for endorsing cryptocurrencies The Guardian
- Lindsay Lohan and Jake Paul hit with SEC charges over crypto scheme BBC
- Lindsay Lohan, Jake Paul and other celebrities charged $400,000 for violating disclosure rules CNN
- SEC charges Tron founder Justin Sun, celebrities Lindsay Lohan, Jake Paul with crypto violations CNBC
- Jake Paul, Lindsay Lohan, Soulja Boy Settle with SEC Over Crypto Promotion TMZ
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