the The Securities and Exchange Commission has levied against Floyd Mayweather, and DJ Khaled charge. It complains that the professional boxer and music producers, to have the rules of the stock exchange Supervisory authority is not complied with. So you applied for an ICO, without disclosing that they were paid for it. Now both have to pay a penalty.
By Phillip Horch
30. November 2018 share Facebook Twitter LinkedIn xing mail
Twitter announcements, a dubious ICO, two celebrities and the SEC: a Team that is not in harmony. Thus, the US-American Supervisory authority on 29. November announced that it has levied against the Boxer Floyd Mayweather and the music producer DJ Khaled charge. In its press release, the authority shall inform, that the two advertised a “ICO”, without a to disclose, to be paid for it.
it was said in a Twitter Post from Khaled seems to be that he keep the ICO from Centra Tech for a “Game Changer”. What he failed to mention: The editor of the Scams Khaled for US $ 50,000 paid. Still more Floyd got Mayweather. That he applied the same and other ICOs on Instagram and Twitter, he received, among other things, $ 100,000 from Centra Tech.
DJ Khaled – No Brainer (Official Video) ft. Justin Bieber, Chance the Rapper, Quavo
watch This Video on YouTube. SEC warns against fraudulent ICOs
Against the ICO, a method is already running. The SEC filed this back in April, a civil lawsuit, the Prosecutor’s office from New York to moved to a criminal complaint. Mayweather agreed to pay a total of 614.755 US-Dollar fine and court costs included in the calculation. For DJ Khaled, the penalty will be subtly milder – here there are a total of 152.725 US Dollar, has to pay the musicians. In addition, both agree had to apply for a minimum of three (Mayweather) or two (Khaled) years, no securities. Furthermore, the SEC:
warns that “investors should be skeptical when it comes to investment advice on Social Media platforms and can’t make decisions based on the support of Celebrities. Social Media Influencers are often paid advertisers, not Investment professionals. And the securities that they offer, regardless of whether or not you will be issued with traditional certificates, or on the Blockchain, could be fraud.“
warns Steven Peikin, Co-Director of the Enforcement Division.
