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Greedy Akon Faces Karma, Charged For Illegals Crypto Scheme


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RAMROD

Eight celebrities, including Lindsay Lohan and Jake Paul, have been charged by US regulators with participating in an illegal crypto scheme. 

The stars allegedly used their social platforms to boost two crypto tokens without disclosing they were paid to promote them. 

The charges were announced by the US Securities and Exchange Commission (SEC) in a news releaseon Wednesday. 

Lohan and Paul have paid to settle the charges without admitting guilt.

The other celebs charged are:

Musician Soulja Boy (DeAndre Cortez Way)

Singer Austin Mahone

**** actress Kendra Lust (Michele Mason)

Rapper Lil Yachty (Miles Parks McCollum)

Musician Ne-Yo (Shaffer Smith)

Senegalese-American singer Aliaune Thiam (Akon)

The group is accused of illegally promoting TRX and BTT crypto assets "without disclosing that they were compensated for doing so and the amount of their compensation", the SEC said.

Justin Sun, a crypto investor and diplomat for the Caribbean island nation of Grenada, is also accused of fraud by manipulating the trading activity of the two tokens to make it appear as if they were actively being traded in a crime known as "wash trading". 

Mr Sun, a Chinese-born protégé of Alibaba founder Jack Ma, is known for having once paid $4.6m (£3.7m) to have dinner with investor Warren Buffett.

He is accused of "orchestrating a promotional campaign in which he and his celebrity promoters hid the fact that the celebrities were paid for their tweet", the SEC added in their news release. 

His companies - Tron Foundation Limited, BitTorrent Foundation Ltd and Rainberry Inc (formerly BitTorrent) - are also charged as part of the scheme.

All of the celebrities, apart from Soulja Boy and Mahone, have paid a combined total of more than $400,000 to settle the charges. 

Lohan, who is best known for her role in the 2004 film Mean Girls, had 8.4 million Twitter followers when she posted a message calling for her followers to invest.

The 36-year-old actress, who charging documents say is a resident of Dubai in the United Arab Emirates, paid $10,000 to the SEC and another $30,000 in penalties.

 

https://www.bbc.com/news/world-us-canada-65046882

 

 

 

Edited by RAMROD
(ノ◕ヮ◕)ノ✧*:・゚ 努力 未来, A BEAUTIFUL ST𖤐Я (*´艸`*) ♡♡♡
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soularpower
14 minutes ago, CoolTrainerTerry said:

Resident of Dubai? What did I miss?

Yeah I’m pretty sure she’s been a resident of Dubai since like 2017 or something like that

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AnglerfishbraBENUS

change the title to ‘Greedy Akon faces Karma’ for that hit thread 

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LateToCult
33 minutes ago, RAMROD said:

All of the celebrities, apart from Soulja Boy and Mahone, have paid a combined total of more than $400,000 to settle the charges.

Not the broke ones being singled out. :air:

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badfaith
10 minutes ago, LateToCult said:

Not the broke ones being singled out. :air:

Mahone's OF certainly can't pay it when he's been edging the gays and putting them off since he started :franminervini:

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Robo Ga
1 hour ago, LateToCult said:

Not the broke ones being singled out. :air:

IM SICK😂😂😂😂😂😂

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RAMROD
3 hours ago, AnglerfishbraBENUS said:

change the title to ‘Greedy Akon faces Karma’ for that hit thread 

Hmmm 🤔

Let's try it :ororomunroe:

(ノ◕ヮ◕)ノ✧*:・゚ 努力 未来, A BEAUTIFUL ST𖤐Я (*´艸`*) ♡♡♡
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  • RAMROD changed the title to Greedy Akon Faces Karma, Charged For Illegals Crypto Scheme
AnglerfishbraBENUS
12 minutes ago, RAMROD said:

Hmmm 🤔

Let's try it :ororomunroe:

only because of his cashing out on Gaga lol

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RenegAde

I don't mean to be rude but you can tell that they're all guilty just by the people that were charged.

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RadioIsOurs

Why is "Greedy Akon" kinda giving same energy as 'F*t Lizzo" by Azealia Banks  :messga:

Edited by RadioIsOurs
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VTV
14 minutes ago, RadioIsOurs said:

Why is "Greedy Akon" kinda giving same energy as 'F*t Lizzo" by Azealia Banks  :messga:

ur reaching luv

checkout my channel: https://www.youtube.com/channel/UC5iGoXYpXnIfLHH1o7H9lxA
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