Jake Paul photograph

Jake Paul

Related searches

jake paul net worthjake paul vs tyron woodleyjake paultommy furyjake paul boxrecjake paul twitterjake paul boxingjake paul agejake paul and logan pauljake paul tommy furyjake paul - youtubejake paul next fightjake paul instagramjake paul vs tommy furyjake paul heightjake paul fight timedid jake paul win against floydjake paul weightjake paul brotherjake paul vs ksijake paul vs mayweatherjake paul disney

Jake Paul Life story


Jake Joseph Paul is an American professional boxer, social media personality, and actor. He initially rose to fame on Vine, before playing the role of Dirk Mann on the Disney Channel series Bizaardvark for two seasons.

Lindsay Lohan and Jake Paul hit with SEC charges over crypto scheme

Feb 18,2020 7:30 pm

By Max MatzaBBC News

Eight celebrities, including Lindsay Lohan and Jake Paul , have been charged by US regulators with participating in an illegal crypto scheme.

The famous group allegedly used their social platforms to boost two crypto tokens without disclosing they were paid to promote them.

The charges were announced by the US Securities and Exchange Commission (SEC) in a on Wednesday.

Lohan and Paul have paid to settle the charges without admitting guilt.

The Other celebs charged are:

The group is accused of illegally promoting TRX and BTT crypto assets " without disclosing that they were compensated for doing so and the amount of their compensation, " the SEC said.

Justin Sun , a crypto investor and diplomat for The Caribbean island nation of Grenada, is also accused of fraud by manipulating the trading activity of the two tokens to make it appear As If they were actively being traded in A Crime known as " wash trading".

Mr Sun, a Chinese-born protégé of Alibaba founder Jack Ma , is known for having once paid $4. 6m (£3. 7m) to have dinner with investor Warren Buffett .

He is accused of " orchestrating a promotional campaign in which he and his celebrity promoters hid the fact that the celebrities were paid for their tweet, " the SEC added in their news release.

His companies - Tron Foundation Limited, Bittorrent Foundation Ltd. and Rainberry Inc. (formerly Bittorrent ) - are also charged as part of the scheme.

" This case demonstrates again the High Risk investors face when crypto asset securities are offered and sold without proper disclosure, " said SEC Chair Gary Gensler .

" Sun and his companies not only targeted U. S. investors in their unregistered offers and sales, generating millions in illegal proceeds at the expense of investors, but they also coordinated wash trading on an unregistered trading platform to create the misleading appearance of active trading, " Mr Gensler added.

All of the celebrities, apart from Mr Cortez Way (Akon) and Mr Mahone have paid a combined total of More Than $400,000 to settle the charges.

Related Topics

Source of news: bbc.com

Jake Paul Photos

Related Persons

Next Profile ❯