[ad_1]
The US Securities and Exchange Commission has settled charges against DJ Khaled (last name: Khaled Mohamed Khaled) and boxer Floyd Mayweather Jr. for their alleged role in cryptocurrency fraud, the SEC said on Thursday. .
According to the SEC, Khaled promoted Centra Tech Inc. on social media as a "game changer" and was paid $ 50,000 by the company without disclosing the payment to potential investors. At the same time, the SEC said Mayweather had failed to disclose promotional payments from three cryptocurrency issuers, including Centra Tech's $ 100,000 and $ 200,000 from others.
In April, the SEC filed civil suits against the founders of Centra, claiming that the OIC was fraudulent, with the US District Attorney's Office in the Southern District of New York also laying criminal charges.
Khaled and Mayweather have agreed to pay heavy fines – more than $ 150,000 for Khaled and more than $ 600,000 for Mayweather – in the settlement, although they do so "without admitting or denying the findings," according to the statement. the SEC. As part of the settlement, Mayweather has agreed to not promote any securities for three years, while Khaled has made a similar arrangement that will run for two years.
"Investors should be skeptical of investment notices posted on social media platforms and should not make decisions based on celebrity endorsements," said the co-director of the Investment Enforcement Division. law, Steven Peikin, in a statement. "Social media influencers are often paid promoters, not investment professionals, and the titles they boast about, whether they're issued through traditional certificates or blockchain, can be fraudulent."
Source link
