Tag

Tronix

All articles tagged with #tronix

cryptocurrency3 years ago•3 min saved

Celebrities, including Lindsay Lohan and Jake Paul, charged by SEC for promoting crypto

The SEC has charged eight celebrities, including Jake Paul and Lindsay Lohan, with promoting cryptocurrencies Tronix and BitTorrent without disclosing that they were compensated for doing so. The complaint also alleged that entrepreneur Justin Sun and three of his companies were charged for the unregistered offer and sale of TRX and BTT. Six of the celebrities agreed to pay a total of more than $400,000 to settle the charges without admitting wrongdoing. The charges were not the first actions by the SEC against celebrities it alleged had illegally promoted cryptocurrencies.

via The Washington Post|

#bittorrent #celebrities #cryptocurrency

cryptocurrency3 years ago•1 min saved

"SEC Charges Celebrities for Illegal Crypto Promotion and Disclosure Violations"

The SEC has charged crypto entrepreneur Justin Sun for the unregistered offer and sale of Tronix and BitTorrent tokens, which were promoted by several celebrities on social media without disclosing that they were paid to do so. Eight celebrities, including Lindsay Lohan and Jake Paul, have been charged and agreed to pay a collective amount of $400,000 in penalties to settle the charges. Sun himself has been accused of violating antifraud and market manipulation provisions of the federal securities laws.

via Engadget|

#bittorrent #celebrities #cryptocurrency

cryptocurrency3 years ago•1 min saved

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.

via Al Jazeera English|

#bittorrent #celebrities #cryptocurrency

cryptocurrency3 years ago•2 min saved

SEC Charges Celebrities, Including Lindsay Lohan and Jake Paul, for Crypto Violations

The SEC has charged eight celebrities, including Lindsay Lohan and Jake Paul, with illegally promoting two cryptocurrencies, Tronix and BitTorrent, without disclosing that they were paid to do so. Crypto entrepreneur Justin Sun, who sold the cryptocurrencies, was also charged with unregistered offer and sale of crypto asset securities and manipulating the secondary market. The celebrities were paid to hype TRX and BTT and directed not to publicly disclose their compensation. Six of the celebrities have agreed to pay a total of more than $400,000 to settle the charges without admitting or denying the SEC's findings.

via NPR|

#bittorrent #celebrity-endorsement #cryptocurrency

cryptocurrency3 years ago•3 min saved

SEC Charges Celebrities, Including Jake Paul and Lindsay Lohan, for Crypto Promotions

The SEC has charged eight celebrities, including Jake Paul and Lindsay Lohan, for illegally promoting cryptocurrencies Tronix and/or BitTorrent without disclosing their compensation. Most of the celebrities agreed to pay over $400,000 in penalties and interest to settle the charges. The SEC also charged crypto entrepreneur Justin Sun and his companies for securities fraud, accusing him of the unregulated offer and sale of securities, market manipulation, and orchestrating a scheme to pay celebrities to tout TRX and BTT without disclosing their compensation. Sun generated a profit of $31 million from illegal sales of his crypto token Tronix.

via NBC News|

#bittorrent #celebrities #cryptocurrency

cryptocurrency3 years ago•1 min saved

SEC Charges Celebrities, Including Lindsay Lohan and Jake Paul, for Crypto Violations

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.

via The Guardian|

#bittorrent #celebrities #cryptocurrency