The accusation was brought as part of an investigation against businessman Justin Sun and three of his companies: Tron Foundation Limited, BitTorrent Foundation Ltd. and Rainberry Inc.
The US Securities and Exchange Commission (SEC) has charged Hollywood star Lindsay Lohan with illegally promoting the crypto assets of businessman Justin Sun, who has been accused of fraud and other violations of securities law.
In particular, the celebrity advertised Tronix and BitTorrent crypto asset, hiding information about the income for it.
In addition to him, seven other celebrities were also accused in this case, including:
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blogger Jake Paul;
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porn actress Kendra Last;
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musicians Austin Mahone, Lil Yachty, Soulja Boy, Ne-Yo, Me.
Except for Cortez Way and Mahone, the accused celebrities have agreed to pay a total of more than $400,000 in cash, interest, and penalties to settle the charges, without admitting or denying the SEC’s findings.
It was previously reported that Kim Kardashian paid a $1.26 million fine after the US Securities and Exchange Commission accused her of illegally promoting a crypto investment scheme.
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Source: korrespondent
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