Connect with us

Florida

Lindsay Lohan, other celebs settle with SEC over crypto case

Actress Lindsay Lohan, rapper Akon and several other celebrities have agreed to pay tens of thousands of dollars to settle claims they promoted crypto investments to their millions of social media followers without disclosing they were being paid to do so.

Lohan, Akon, recording artists Ne-Yo, and Lil Yachty, boxer and internet personality Jake Paul, and adult film performer Michele Mason all agreed to pay more than $400,000 combined in disgorgement, interest and penalties to settle the claims, the Securities and Exchange Commission said Wednesday.

None admitted or denied the SEC’s findings as part of the settlement. Two other celebrities named in the SEC’s complaint, rapper Soulja Boy and pop singer Austin Mahone, did not reach a settlement with the SEC, the agency said.

In response to a request for comment, Lohan’s publicist Leslie Sloane said the actress was contacted in March 2022, was unaware of the disclosure requirement, and agreed to pay a fine to resolve the matter. Lohan, who last week announced she is pregnant, was called to give up the $10,000 she was paid, plus interest, and pay a $30,000 fine, according an SEC complaint.

A spokeswoman for Paul declined to comment. Emails left with representatives for the other celebrities named in the SEC complaint weren’t immediately returned Wednesday.

In the complaint filed by the SEC in federal court in New York, the agency claims the celebrities were paid to promote Tronix (TRX) and BitTorrent (BTT), both crypto asset securities that were offered for sale by three companies owned by Justin Sun, a Chinese national. Sun is the permanent representative of Grenada to the World Trade Organization and may be living in Singapore or Hong Kong, according to the complaint.

Starting at around August 2017, Sun allegedly offered to sell billions in the unregistered securities and engaged in manipulative trading, while also creating secondary markets on which Tronix and BitTorrent could be traded, according to the complaint.

“Although the celebrities were paid to promote TRX and BTT, their touts on social media did not disclose that they had been paid or the amounts of their payments,” according to the complaint. “Thus, the public was misled into believing that these celebrities had unbiased interest in TRX and BTT, and were not merely paid spokespersons.”

Many celebrities and athletes have used their influence and massive social media followings to promote cryptocurrencies in recent years, including Matt Damon, Tom Brady and Reese Witherspoon. But doing so without disclosing when they’re being paid to do so is illegal, and has landed some big names in hot water with securities regulators. Last fall, Kim Kardashian agreed to pay a $1 million fine to settle federal charges that she recommended Ethereum Max tokens, a crypto security, to her millions Instagram followers without making clear that she was paid to do so.

In 2020, actor Steven Seagal agreed to pay more than $300,000 as part of a similar settlement with the SEC, which also banned him from promoting investments for three years.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Florida

Erdogan unveils Turkey’s first astronaut on election trail

Turkey’s first astronaut will travel to the International Space Station by the end of the year, President Recep Tayyip Erdogan said Saturday after an illness forced him to cancel several days of appearances.

Air force pilot Alper Gezeravci, 43, was selected to be the first Turkish citizen in space. His backup is Tuva Cihangir Atasever, 30, an aviation systems engineer at Turkish defense contractor Roketsan.

Erdogan made the announcement at the Teknofest aviation and space fair in Istanbul, the president’s first public appearance since falling ill during a TV interview on Tuesday. He appeared alongside Azerbaijan’s president, Ilham Aliyev, and Libya’s interim prime minister, Abdul Hamid Dbeibeh.

“Our friend, who will go on Turkey’s first manned space mission, will stay on the International Space Station for 14 days,” Erdogan said. “Our astronaut will perform 13 different experiments prepared by our country’s esteemed universities and research institutions during this mission.”

Erdogan described Gezeravci as a “heroic Turkish pilot who has achieved significant success in our Air Force Command.”

The Turkish Space Agency website describes Gezeravci as a 21-year air force veteran and F-16 pilot who attended the U.S. Air Force Institute of Technology.

Wearing a red flight jacket, Erdogan appeared in robust health as he addressed crowds at the festival. Turkey’s presidential and parliamentary elections are scheduled for May 14, and opinion polls show Erdogan in potentially his toughest race since he came to power two decades ago.

Turkey is dealing with a prolonged economic downturn, and the government received criticism after a February earthquake killed more than 50,000 in the country. Experts blamed the high death toll in part on shoddy construction and law enforcement of building codes.

While campaigning for reelection, Erdogan has unveiled a number of prestigious projects, such as Turkey’s first nuclear power plant and the delivery of natural gas from Black Sea reserves.

 

Continue Reading

Florida

Israelis rally for 17th week against judicial overhaul plans

Tens of thousands of Israelis protested judicial overhaul proposals Saturday in the 17th weekly rally against Prime Minister Benjamin Netanyahu’s governing coalition.

The demonstrations have been ongoing since the beginning of the year, and organizers plan to continue, despite Netanyahu delaying the changes last month. The leaders of the mass protests want the proposals scrapped altogether.

“We are just getting started,” read a banner that demonstrators held at the main protest in Tel Aviv, Israel’s economic hub. Smaller demonstrations were reported in several parts of the country.

Spanish Prime Minister and Socialist leader Pedro Sanchez voiced support to the Israeli antigovernment protesters in a video message aired on a large screen in Tel Aviv.

We as Socialist International have always fought for freedom, equality, justice, and democracy. Yet, as many of you know, these are values that we cannot take for granted,” Sanchez said.

Protesters argue the proposed changes threaten Israel’s democratic values, hurting a system of checks and balances and concentrating authority in the hands of Netanyahu and his extremist allies.

They also say that the prime minister has a conflict of interest in trying to reshape the nation’s legal system at a time when he is on trial.

Such changes would result in weakening the Supreme Court, giving parliament, which is controlled by Netanyahu’s allies, authority to overturn its rulings and limiting its ability to review laws.

The protest gained support from the military’s elite reserve force, businesses, and large sectors of the Israeli community. But on Thursday, tens of thousands of right-wing Israelis who support the legal

 

 

Continue Reading

Florida

‘Total nightmare:’ As Florida insurance companies go insolvent, homeowners pay the price

Seminole county couple has three-year open claim because of insolvent insurer.

What happens when your property insurer goes out of business?

It is happening quite a bit in Florida and is leading to all policyholders paying more.

The Florida Insurance Guaranty is adding a 1% assessment to policyholders starting in October to cover claims for insolvent companies.

A Seminole County couple has lived without a fully functioning kitchen for three years because their insurer went out of business.

Sandra Braga Alfonso said what started as a leak under her sink has turned into a three-year nightmare.

She said there was already a fight with her insurer to pay out the claim, but then the company went under and it got worse.

Alfonso has a fridge and an oven but is missing lower cabinets, a stove, her normal sink, and a dishwasher.

“It has been a total nightmare,” Alfonso said.

It started in December of 2019 with a leak under her sink, she said.

She eventually discovered water in all her lower cabinets and in the sheetrock behind the cabinets, she said.

“The insurance company gave us approval to rip everything out that was damaged and now they don’t want to pay to put it back in,” Alfonso said.

The insurance company cut a check for $4,800, she said.

Of that $4,300 went to water mitigation to prevent mold. That left about $500, not nearly enough to replace her kitchen, she said.

“We’ve tried to settle, go to mediation, everything,” she said.

Finally, Alfonso and her husband filed a lawsuit against her insurer, but after two years of hearings and motions and waiting for a court date, her insurer went out of business.

She was with Capitol Insurance, but according to the Florida Department of Financial Services, Capitol was merged into Southern Fidelity, which is now one of 14 companies in liquidation.

“I’m over it. I just want my kitchen. I just want to be able to live again. I love to cook, and I can’t,” Alfonso said.

In the last year, Florida lawmakers have had three special legislative sessions to deal with Florida’s property insurance crises.

News 6 asked Alfonso if she thinks anything is being done in Tallahassee to help consumers with their insurance issues.

“No, it’s all for the insurance company,” she said.

One of the biggest moves made in Tallahassee over the last year is the legislature doing away with what is referred to as “one-way attorney’s fees.”

That means if you sued your insurer over a claim and won, the insurance company had to pay your attorney’s fees. Without it, Alfonso said she would never have been able to sue her insurer even though in her case, it didn’t do any good.

No. My husband’s retired. He’s on disability and he’s retired we’re on a fixed income,” Alfonso said.

Alfonso has now turned to the Florida Insurance Guaranty Association, which handles the claims of insolvent property and casualty insurance companies.

They are still negotiating the amount it will take to fix her kitchen — more than three years later.

“I owned my first home when I was 20-something years old,” Alfonso said. “I’ve been paying my insurance premiums since I’m like 25, never filed a claim and look where I am now,” Alfonso said.

 

Continue Reading

Trending

Copyright © 2022 Miami Reader

slot777 slot thailand slot777 https://situsterpercayaslot777.com/ slot gacor hari ini slot gacor maxwin slot deposit pulsa slot deposit pulsa tri http://sia.unidha.ac.id/repository/dosen/riwayat/login/dewajasin/ https://karanganyar.alabidin.sch.id/wp-content/shop/ https://smpabbs.alabidin.sch.id/dewajasin/ https://thehero.alabidin.sch.id/merdeka/ https://abbs.alabidin.sch.id/angkorwd/ https://gemoy99.com/jutsu/ https://alabidin.sch.id/katon/ https://platinum.alabidin.sch.id/gold/ https://stia.alabidin.sch.id/bavet/
Promo Bola soccer Captivates The World Kapsychologists World First The Science of Mental Health - Understanding Psychiatry: The Science of Mental Health PropertyCloudSite How to Make Smarter Investments in Today’s Market Arnavichara Ultimate Guide Right Business Software Auscare Disability A Comprehensive Guide to Retirement Homes Finding the Perfect Place to Enjoy Your Golden Years Series Mp4 The Future of Entertainment Streaming and Downloadable Video Explained Alogirlxinh How to Create a Successful Personal Page or Blog in 2024 Viral24Info Stay Updated on International News in 2025 TimeStableLearning Create and Share Personal Educational Materials Pharmaceuticals Transforming Healthcare for a Healthier Tomorrow Momok88 The Importance of Random and General Education in Personal Growth vegas108 PlayingToLearn Sweetysen Erythromycin24 dot3infotech howtowebdesign Saxenda Kopen Medicijnkosten Vittoria Colonna https://www.guisseny.memoire.bzh/ https://www.schoolofestate.com/ Togel Online Daldoce: Insights on Business and Work Ethic My Lautoka City: Your Holiday Destination Guide Sports Hope Alive: Portal Olahraga Dunia Learn Mistake: Wisdom for a Better Life GRFX Gaming Party Bus: Journey Through Gaming Eras Gainesville Sun: Technology & Computers Unveiled ANMC21: Your Guide to Smarter Living and Success MV Agusta of Tampa: Your Automotive News Hub Scheidings Mediators: Your Blog for Gaming and Gadget Insights Espn Fox Sports Tv Latest News Update House of Beauty: Celebrating the World's Most Beautiful Women Kabar Nasional Terbaru Hari Ini Berita Seputar Informasi Bola dan Olahraga Terbaru Hari Ini Berita dan Informasi Terbaru Kabar Viral Hari Ini Berita dan Informasi Kecantikan Terkini Serta Terbaru Hari Ini Berita dan Informasi Teknologi, Gadget serta Game Terlengkap Dragon Hatch 2 Slot Gacor Scatter Hitam Maxwin Toto Macau ihokibet slot thailand slot thailand Slot Dana Mahjong Slot Slot Thailand
  • Liputan Media Indonesia
  • Dunia Dalam Cerita
  • Lintas Cakrawala
  • Tribun Warta Kita
  • Indo Akar Abadi
  • Indojas Tips
  • SokPaten Info
  • Jejak Pagi Nusantara
  • Kabar Dunia Wartawan
  • Terkini Berita Indo
  • Slot Bonus Slot Zeus NoLimit City Scatter Hitam Mahjong Slot Luar Negeri Slot Vietnam Slot Kamboja Asalas Unlock Anime Finasteriden Marians Woman Arheon MPAPER MV Agusta of Tampa cheapshoesoutletonlines RebeccaSommer Vandelay Armor GRFX Gaming Party House of Beauty Learn Mistake techstartnews Ras Indo Group Friweb Teknologi Ambamali CanadaCentre Thought Open Ether Pad Oregon Farm Garden NewsAim Toronto The Poisoned PawnResistance Manual Prediksi shiotogel4d Locanda della Maria News DaftarJudi.com Viral Pulse Global We Want Real News Berita Kalbar Prov Berita Sumsel Prov 5 menit main sweet bonanza x1000 langsung menang 300 juta gebrakan awal tahun dari gates of gatot kaca x1000 raih profit maksimal modal kecil menang besar di sugar rush x1000 rayakan keseruan bermain mahjong ways 2 dengan putaran turbo mode on tips jitu profit besar di mahjong wins 3 4 simbol scatter hitam