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SEC fines Floyd Mayweather and DJ Khaled for refusing to disclose payments to ICO



On Thursday, the Securities and Exchange Commission laid its first charges for violation of the initial offer of parts, accusing boxer Floyd Mayweather Jr. and music producer DJ Khaled for failing to disclose payments received for the promotion of their initial investments. Neither admitted nor denied the results. According to the SEC, Mayweather failed to disclose a $ 100,000 payment from Centra Tech Inc. and Khaled did not disclose a payment of $ 50,000 from the same company. Mayweather received an additional $ 200,000 to promote two more country offices. Mayweather agreed to pay $ 300,000 in restitution, a $ 300,000 fine and $ 14,775 in prejudgment interest. Khaled agreed to pay $ 50,000 in restitution, a fine of $ 100,000 and $ 2,725 in prejudgment interest.

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