TKO: Floyd Mayweather, DJ Khaled Knocked out by SEC Probe into ICO Promos

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Pro boxing champ Floyd Mayweather and music producer DJ Khaled agreed to pay the Securities and Exchange Commission a combined $767,500 to settle charges of illegally promoting ICOs. These are first cases the SEC has brought violations involving ICO promotion. The SEC noted that using celebrity endorsers was a crucial part of the ICO issuers’ promotional strategy. In … Read more

Breaking: SEC Charges Floyd Mayweather, DJ Khaled with Illegally Promoting ICOs

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The US Securities and Exchange Commission (SEC) has charged boxing legend Floyd Mayweather and recording artist DJ Khaled with illegally promoting initial coin offerings (ICOs). The two celebrities, as CCN.com reported, had been among the most prolific ICO promoters, pumping crypto tokens on social media while sometimes failing to disclose that the posts — which … Read more

DJ Khaled and Floyd Mayweather Sued Over Involvement in Centra Tech ICO

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As warned earlier in the year by legal experts that celebrity ICO endorsers could face court action in future, it has now come to pass as a lawsuit has been filed against two of the more prominent ICO social media influencers of last year. According to celebrity news publication TMZ, a class action lawsuit has … Read more