New York (EFE)
Lohan is part of a group of eight celebrities, including singer Austin Mahone, boxer Jake Paul, four rappers and a porn actress, accused of illegally promoting the crypto assets Tronix (TRX) and BitTorrent (BTT), the Securities and Exchange Commission announced. (SEC, in English).
With the exception of the singer Mahone and one of the rappers -Soulja Boy- the defendants have agreed to pay more than 400,000 dollars together to settle the case without admitting or denying their guilt.
Lindsay Lohan and other celebrities fined
The SEC indicates that between 2018 and 2019, Sun ordered its employees to make some 600,000 illegal TRX transactions between two of its platforms to artificially create volume.
And he also sold that crypto asset on the secondary market without registering it, pocketing $31 million.
The regulator’s complaint alleges that Sun and his companies offered and sold TRX and BTT as an investment through pyramid “programs.”
They instructed those concerned to promote the crypto assets on social media, create BitTorrent accounts in exchange for receiving more crypto assets, and “recruit” others on Telegram and Discord channels.
SEC Chairman Gary Gensler, who has spearheaded other such legal actions in recent months, said the case is a new example of the “high risk investors face when crypto asset securities are offered and sold without transparency.” adequate”.
Previously, the regulator imposed notable penalties on two celebrities involved in the illegal promotion of the EMAX crypto asset:
Kim Kardashian had to pay $1.26 million and former NBA player Paul Pierce $1.4 million.