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Floyd Mayweather & DJ Khaled get #REKT →

November 29, 2018

CoinDesk:

The U.S. Securities and Exchange Commission (SEC) has settled charges with professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled – better known as DJ Khaled – for not disclosing that they were paid to promote initial coin offerings (ICOs). Neither celebrity admitted to or denied the charges in their settlements. Mayweather will pay $300,000 in disgorgement, $300,000 in penalties and $14,775 in prejudgment interest. Khaled will pay $50,000 in disgorgement, $100,000 in penalties and $2,725 in prejudgment interest.

It’s nice to see the SEC finally cracking down on undisclosed sponsorships. My question is simply, “wen Suppoman?”


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