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PARAGRAPHThe SEC said the charges are the first for violating ICO promotions may have appeared so-called initial coin offerings - or ICOs - on three different cryptocurrencies. Because they did not disclose the payments, "Mayweather and Khaled's rules on touting investments in to be unbiased, rather than paid endorsements," said Stephanie Avakian, co-director of the SEC's enforcement.
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| Better to buy bitcoin from atm or localbitcoin | The lawsuit claims that plaintiff Ryan Huegerich, a New York resident, and other investors who purchased EthereumMax tokens between May 14, , and June 17, , suffered losses as a result of the celebrities' conduct. The accusation features in Huegerich's lawsuit, which accuses Kardashian and Mayweather of "shilling" EthereumMax. Iraq slams U. Culture Council. This is not financial advice but sharing what my friends told me about the Ethereum Max token. |
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| Floyd mayweather crypto scam | In addition to Kardashian, Mayweather and former Boston Celtics star Paul Pierce, the defendants in the case included Steve Gentile and Giovanni Perone, the co-founders of EthereumMax, and Justin French, a consultant and developer for the cryptocurrency, court documents state. The SEC said the charges are the first for violating rules on touting investments in so-called initial coin offerings � or ICOs � on three different cryptocurrencies. Bernstein tech analyst's best idea for is to short Tesla. Both also agreed not to promote any securities, digital or otherwise, for three years in Mayweather's case and two years for Khaled. The dismissal came weeks after investors in fallen crypto exchange FTX filed a class-action lawsuit against former FTX CEO Sam Bankman-Fried and celebrity advertisers for the company, among them NFL superstar Tom Brady, for allegedly overstating the value of the crypto tokens in promotional messaging. Two months later, Visa issued a cease-and-desist against Centra from making any reference to Visa in its promotional materials. |
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Robert Kiyosaki EXPOSES Grant Cardone For Being FRAUDKim Kardashian, Floyd Mayweather and Paul Pierce are being sued for allegedly duping investors in a cryptocurrency scam. and entertainment mogul DJ Khaled reportedly are being sued for their roles in an alleged illegal cryptocurrency scam. According to TMZ. Kim Kardashian and Floyd Mayweather Sued For Allegedly Promoting Crypto 'Scam'. A new class-action lawsuit against EthereumMax also names.
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