HomeLifestyleAdvertised cryptocurrencies: Kim Kardashian...

Advertised cryptocurrencies: Kim Kardashian fined $1.26 million

The fine includes $260,000 the star received from the ad and $1 million in restitution.

American TV star Kim Kardashian has paid a $1.26 million fine after being accused by the US Securities and Exchange Commission (SEC) of illegally promoting a crypto investment scheme on Instagram. This was reported by The Verge.

The SEC alleges that Kardashian hid the fact that she was paid $250,000 to promote EthereumMax tokens in June.

In particular, the celebrity on his social network page suggested that his subscribers go to the EthereumMax website and join the E-Max community, assuring that it is not a pyramid scheme.

In addition, despite the fact that the socialite added the hashtag #ad (advertising) to the publications, the SEC believed that this level of disclosure was insufficient for crypto investments, which led to a fine of $1.26 million .

“Federal securities laws clearly state that any celebrity or other person promoting crypto asset securities must disclose the nature, source, and amount of compensation they received in exchange for the promotion,” said Gurbir Grewal, SEC director of enforcement.

It was previously reported that Kim Kardashian admitted that she never had plastic surgery, but only Botox injections.

Kanye West revealed the reason for the divorce from Kim Kardashian

News from Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The DPRK was promised by the “unclear” Poddjakke of Russia in the war against Ukraine

Russian military criminal, secretary of the Russian Council Sergey Shayga, visited Phogyan, where he met with Kim Jong. He promised him that the DPRK would support Russia, in particular, in the war against Ukraine. The parties discussed a joint operation in the Kursk...

In Pryluky, RF Postal House -Topl in the leader of the leader

In Pryluky, a hostile drone hit the house of the head of the local fire department. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } His family was killed: his wife,...