DJ KHALED AND FLOYD MAYWEATHER SETTLE WITH SEC OVER CRYPTOCURRENCY PROMOTION CHARGES

CNET on 29th November reported that the SEC says the celebrities didn’t disclose payments they received for promoting ICO (initial coin offerings).  The SEC said this was the first time it had brought such charges involving the touting of cryptocurrency offerings.  Khaled talked up Centra Tech and its Centra cryptocurrency tokens on his social media accounts but didn’t disclose a $50,000 payment from the company.  Mayweather also didn’t disclose promotional payments from 3 ICO issuers, including Centra Tech, which gave him $100,000.

https://www.cnet.com/news/dj-khaled-floyd-mayweather-charged-with-illegally-promoting-icos/#ftag=CAD590a51e

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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