Jake Paul, Lindsay Lohan, Soulja Boy Settle with SEC Over Crypto Promotion
The Securities and Alternate Fee is cracking down on Crypto firms … and a few big-name celebs — together with Jake Paul, Lindsay Lohan and Soulja Boy — who praised the forex firms whereas getting paid with out disclosing it … they usually’ve agreed to cough up some dough to make all of it go away.
Jake and Lindsay are among the many celebs named within the SEC’s filings Wednesday … they’re charged with illegally touting Tronix and BitTorrent. Others charged embrace Lil Yachty, Ne-Yo, Austin Mahone, Kendra Lust and Akon.
The SEC says these celebs did not disclose they had been getting paid for selling these firms.
Nearly all the celebs agreed to pay a complete of $400K to settle the fees.
We have reached out to Jake and Lindsay’s reps for remark … up to now, no phrase again.
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