Home » General World News » Floyd Mayweather Jr. and DJ Khaled will each pay more than $100,000 in fines to settle charges that they illegally touted ICOs

Floyd Mayweather Jr. and DJ Khaled will each pay more than $100,000 in fines to settle charges that they illegally touted ICOs





Floyd Mayweather DJ Khaled

  • Boxing champion Floyd Mayweather Jr. and record producer DJ Khaled will pay hundreds of thousands of dollars in penalties to settle charges filed against them by the Securities and Exchange Commission.
  • The SEC charged Mayweather and Khaled with promoting an initial coin offerings (ICOs) without disclosing that they were paid for them.
  • Both Mayweather and Khaled touted the ICO of Centra Tech, which was later alleged to have been a scam.

Floyd Mayweather Jr. and DJ Khaled were two of the most well-known celebrities to jump on the cryptocurrency bandwagon last year.

Now their promotion of particular initial coin offerings has read more >>>

Source:: BusinessInsider.Com

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