Posted on 03/22/2023 9:18:50 PM PDT by CFW
The Securities and Exchange Commission has charged eight celebrities with securities law violations in connection with their promotion of cryptocurrencies.
The SEC announced the charges on Wednesday, which stemmed from an investigation of Justin Sun's companies Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc., according to Variety. Those companies promoted crypto securities BitTorrent (BTT) and Tronix (TRX).
The eight facing charges are Lindsay Lohan, Ne-Yo, Lil Yachty, Soulja Boy, Jake Paul, Austin Mahone, Akon, and Kendra Lust.
(Excerpt) Read more at justthenews.com ...
If these promoters of a product can be sued, then can't we all sue Fauci, Trump, Biden, etc for promoting the Covid vaccine?
That’s not the title.
Tell me about it! I just reported abuse on myself due to the headline. I swear I proof-read it and it was this:
“SEC charges eight celebrities in connection with cryptocurrency promotions”
How in the world it changed into an advertisement (the subject of the very article), I have no idea!
I hope the moderator on duty for the evening didn’t take a nap! I’ll never live this down! I’ll be the subject of Valentine’s Day gift jokes forever!
Thank you dear moderator for fixing my headline, whoever you are! JimRob does an excellent job of keeping someone on duty at all times!
Damn, the KGB has come for all my favorite millennial entertainers!
Good question.
I thought the celebrities would get a reward for promoting FTX, while gave generously to Dem campaigns. But FTX also gave to GOP candidates. Maybe that was the real sin.
“I thought you said these were celebrities?”
____
Well, in my defense, I assumed they must be. I haven’t heard of any of them before, but I’m 60+ years of age and still think that Jimi Hendrix, Foreigner, Kansas, Lynyrd Skynyrd, Allman Brothers, Led Zepplin, and Fleetwood Mac, are the biggest music groups around.
And, Clint Eastwood is still the best actor for action movies.
Call me an ole fogy if you wish but that’s just the way it is! As the t-shirt I saw today said, “I can’t believe I’m the same age as all those old people”. LOL!
Oh and they have a great defense built in! “No one knows who we are or pays attention to us”! That should have any charges dismissed since it would be easily provable if you asked the question to a large segment of investors.
Leave Lindsay Lohan alone!
The only one I’ve ever heard of is Lindsay Lohan and I’m not sure she’s smart enough to pronounce cryptocurrency.
She’s the only one I’ve heard of. But I thought she died of an OD.
I assume the rest are rappers.
Some of the major financial services firms were suggesting that crypto currency IRA's was a good way to diversify from government denominated funds. The whole crypto currency thing was not really currency in a traditional sense, except for maybe Venezuela, but that is not much of an economy.
The SEC is looking for publicity because they have failed so badly at so many things.
Thanks for getting all 8 names into the excerpt.
I’ve only ever heard of Lindsey Lohan and Ne-Yo, but what are these people accused of? Where they just hired promoters? This really seems a bit of stretch to me.
“But I thought she died of an OD”
Def. not dead. She might actually be having a baby, I think I read.
Caveat emptor
The laws for promoting might be different
Guess who be cryptobroke lofl!
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