According to a press release from the U.S. Securities and Exchange Commission, Jake Paul was among several celebrities charged for “illegally touting” a crypto company. The celebrities were charged alongside Justin Sun and three of his companies Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent) “for the unregistered offer and sale of crypto asset securities Tronix (TRX) and BitTorrent (BTT).” The release also says he’s being charged with “fraudulently manipulating the secondary market for TRX through extensive wash trading, which involves the simultaneous or near-simultaneous purchase and sale of a security to make it appear actively traded without an actual change in beneficial ownership, and for orchestrating a scheme to pay celebrities to tout TRX and BTT without disclosing their compensation.” The other celebrities charged included actress Lindsay Lohan, porn star Kendra Lust and musicians Ne-Yo and Soulja Boy, among others.
BAD MMA Trending Cloud
UFC • Bellator • Conor Mcgregor • news • PFL • Jon Jones • ta block • Daniel Cormier • Dustin Poirier • Khabib Nurmagomedov • AXS TV Fights • Francis Ngannou • WSOF • videos • Jorge Masvidal • Anderson Silva • Nate Diaz • Ronda Rousey • Amanda Nunes • Dana White • Donald Cerrone • Max Holloway • ufc news • Tony Ferguson • Michael Bisping • Kamaru Usman • Demetrious Johnson • Alexander Volkanovski • Henry Cejudo • Michael Chandler • Charles Oliveira • One Championship • Aljamain Sterling • Tyron Woodley • Jose Aldo • Derrick Lewis • Georges St Pierre • Holly Holm • Stipe Miocic • featured
- MMA News (104849)
- Ben Rothwell hopes Mark Hunt signing with BKFC materializes, wants rematch that ‘brings eyes’
- Murad Ramazanov lauds Nurmagomedov training discipline for fast start in PFL debut
- Savannah Marshall’s MMA debut opponent revealed as full 2024 PFL Europe 2 lineup announced
- Video: Is Ilia Topuria vs. Max Holloway THE fight to make for the UFC?
- The Ryan Garcia show is ready to take off after upset of Devin Haney | Opinion
- Timur Khizriev unhappy with 2024 PFL 3 win, thinks Ramadan affected his performance
- John Kavanagh: Conor McGregor’s ‘technique is as sharp as ever’ ahead of UFC 303
- WWE set to host event at UFC Apex
- Sean O’Malley reacts to Aljamain Sterling’s UFC 300 win: ‘I saved the bantamweight division’
- Sean O’Malley: UFC could give blessing on Ryan Garcia boxing match after ‘two more f*cking sick performances’