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Kim Kardashian settles SEC crypto charge; pays $1.26 mln in penalties
[ALARABIYA] Kim Kardashian has agreed to settle charges of unlawfully touting a crypto security and to pay $1.26 million in penalties, disgorgement and interest, the US Securities and Exchange Commission said on Monday.The SEC said in a statement that reality television star and influencer Kardashian failed to disclose that she was paid $250,000 to publish the post about EMAX tokens, the crypto asset security being offered by EthereumMax on her Instagram account. "This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors," SEC Chair Gary Gensler said. The US regulator also charged Boxer Floyd Mayweather Jr. and a music producer known as "DJ Khaled" in November 2018 for allegedly not disclosing payments they received for promoting investments in initial coin offerings. Neither Mayweather nor Khaled Mohammed Khaled admitted or denied the SEC’s charges, but agreed to pay a combined $767,500 in fines and penalties. Related: Kim Kardashian: 2022-08-14 New bombshell allegations 'eroding Prince Harry and Meghan's credibility' Kim Kardashian: 2022-07-15 Good Morning Kim Kardashian: 2022-07-15 Now Hillary and Chelsea roll out eight-part docuseries where they will hold 'intimate conversations' with Kim Kardashian and Megan Thee Stallion, after Freida Pinto signs on to play Huma in new TV series Related: Crypto: 2022-09-30 Ex-NSA worker is charged with trying to sell top secret material to Russia Crypto: 2022-09-20 Biden's Digital Currency-The Poison Pill To Freedom Crypto: 2022-09-19 'This New Period Is Very Different, And Far Worse In Many Ways Than The 1970s' Posted by: Fred 2022-10-04 |
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