Gurbir Grewal: Last News

Kim Kardashian is paying $1.26 million in a settlement agreement with the Securities and Exchange Commission amid charges that she unlawfully touted a cryptocurrency without disclosing she was being paid for the promotion.Kardashian is paying the settlement without admitting to or denying the SEC's findings, the agency said on Monday. She also agreed to not promote any crypto asset securities for three years.The agency said Kardashian will cooperate in its ongoing investigation.The fine is linked to a cryptocurrency called EthereumMax, or EMAX, which was pitched to investors as a disruptive new cryptocurrency.

Lindsay Lohan, Ne-Yo and Jake Paul are among a number of stars who have been charged with cryptocurrency violations. The Securities and Exchange Commission (SEC) have filed fraud charges and unregistered securities charges against crypto founder Justin Sun, and they also announced charges relating to various issues against eight celebrity influencers, who are accused of collaborating with the Grenadian diplomat by promoting his Tronix and BitTorrent assets in ways which led investors to believe the TRX and BTT crypto coins had the potential for financial success and were being actively traded.

Lindsay Lohan, Jake Paul and several other celebs are in hot water after allegedly promoting cryptocurrency endeavors without revealing they'd been paid to do so.The Securities and Exchange Commission announced on Wednesday that they have filed fraud charges, as well as unregistered securities charges, against crypto founder Justin Sun — who is also a Grenadian diplomat.The SEC also announced charges related to various violations against eight celebrity influencers, who are accused of collaborating with Sun by promoting his Tronix and BitTorrent crypto assets -- specifically the TRX and BTT crypto coins — in a way that led investors to believe they were being actively traded and had the potential for financial success.The SEC alleges that Sun was «orchestrating a promotional campaign in which he and his celebrity promoters hid the fact that the celebrities were paid for their tweet.»Lohan and Paul were among those accused of being a part of the fraudulent efforts, as well as music artists Austin Mahone, Soulja Boy, Lil Yachty, Ne-Yo and Akon, and adult film actress Kendra Lust.Six of the eight artists accused of the violations have subsequently agreed to pay a collective total of $400,000 in disgorgement and penalties. However, the settlements were not an admittance or denial of guilt, according to the SEC.