• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Celebrities Akon, Ne-Yo, Lindsay Lohan, Others Charged In Crypto Scheme

by Samuel Abulude and Agency Report
2 years ago
in World News
Neyo
Share on WhatsAppShare on FacebookShare on XTelegram

United States regulatory agency, the Securities and Exchange Commission, has charged eight celebrities in a crypto scheme tied to Justin Sun and his companies, Tron Foundation Limited, BitTorrent Foundation Ltd and Rainberry Inc.

Advertisement

According to Hollywood Reporter, the celebrities and music stars were charged with touting cryptocurrencies associated with Sun’s companies “without disclosing that they were compensated for doing so and the amount of their compensation.”

SEC is charging the celebs who include actress Lindsay Lohan; influencer and boxer Jake Paul; adult film star Kendra Lust; and rappers and singers Soulja Boy, Ne-Yo, Lil Yachty, Akon and Austin Mahone.

“As alleged in the complaint, Sun and others used an age-old playbook to mislead and harm investors by first offering securities without complying with registration and disclosure requirements and then manipulating the market for those very securities,” said Gurbir S. Grewal, director of the SEC’s Division of Enforcement. “At the same time, Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation. This is the very conduct that the federal securities laws were designed to protect against regardless of the labels Sun and others used.”

The SEC said that with the exception of Mahone and Soulja Boy (real name DeAndre Cortez Way), the stars have agreed to pay a penalty of more than $400,000, without admitting or denying the charges.

RELATED

UNOC3: Nigeria, Private Sector Operators Urged To Protect Oceans

UNOC3: Nigeria, Private Sector Operators Urged To Protect Oceans

1 month ago
1.4bn Citizens Upbeat As India Launches Space Mission

1.4bn Citizens Upbeat As India Launches Space Mission

5 months ago

Celebrity crypto endorsements have been a hot-button legal issue in recent months. Last year, Kim Kardashian agreed to a $1.2 million settlement in connection with her promotion of the EMA token.

In a related development, investors in the bankrupt crypto exchange FTX sued that firm’s celebrity endorsers, including Tom Brady and Larry David, alleging that they were effectively defrauding investors by convincing them to put their money into FTX and touting it as a safe space in the crypto ecosystem.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

Religious Tolerance And National Integration

Next Post

BREAKING: UK Court Finds Ekweremadu, Wife, Doctor Guilty Of Organ Harvesting

Samuel Abulude and Agency Report

Samuel Abulude and Agency Report

You May Like

UNOC3: Nigeria, Private Sector Operators Urged To Protect Oceans
World News

UNOC3: Nigeria, Private Sector Operators Urged To Protect Oceans

2025/06/08
1.4bn Citizens Upbeat As India Launches Space Mission
World News

1.4bn Citizens Upbeat As India Launches Space Mission

2025/02/05
126 Die In Tibet Earthquake
World News

126 Die In Tibet Earthquake

2025/01/08
Mexico Threatens Retaliation After Trump’s Tariff Hike Plan
World News

Mexico Threatens Retaliation After Trump’s Tariff Hike Plan

2024/11/27
Okpekpe Road Race Organisers Renew Partnership With Nigerian Breweries, Development Bank
Athletics

1,000 Runners To Participate In Maiden Capital City Race

2024/11/23
Premier League Clubs Vote To Keep VAR
Sport

Premier League Clubs Approve Changes To APT Rules

2024/11/23
Leadership Conference advertisement

LATEST

Why Nigeria Must Invest Heavily In Health, Education – Peter Obi

Ajumbe Wants Okigwe Zone To Produce Uzodinma’s Successor

35 Abducted Women, Children Rescued In Niger After 1 Year

Cleric Urges Kwara Govt To Tackle Insecurity In Edu, Patigi

We Are Providing Sustainable Development To Ogoni – HYPREP

Buni Promises New Insurance Scheme For 3,000 Vulnerable

Our Mandate Is To Complete Abandoned Legacy Projects – NDDC

Cameroon Has Not Released From Lagdo Dam – Ministry

PRNigeria Seeks Police Action Against NIPSS Officials Over Cybercrime

CBEX Scam: EFCC Arraigns 2 Over Alleged Investment Fraud

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.