The U.S. Securities and Exchange Commission has indicted eight celebrities, including actor Lindsay Lohan and social media influencer Jake Paul, for promoting cryptocurrencies without disclosing that they received compensation.
In a press release Wednesday, the SEC said Rohan and Paul promoted cryptocurrency securities Tronics (TRX) and BitTorrent (BTT) without disclosing what they were compensated for or how much they were paid. said. Musicians Soulja Boy, Austin Mahone, Lil Yachty, Ne-Yo, Akon, and porn actor Kendra Lust were also charged.
Only two of the eight, Soulja Boy and Mahone, did not agree to pay a lump sum of over $400,000.
Lohan’s rep told BuzzFeed News that Lohan was contacted in March 2022, but didn’t know she had to disclose that she was being paid for the promotion. agreed to pay the fine to resolve the
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