Floyd Mayweather & DJ Khaled get #REKT →

November 29, 2018


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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Paragon and AirFox get REKT’d by the SEC →

November 17, 2018


According to a press release today from the Securities and Exchange Commission, both Paragon and another company doing business as Airfox (officially registered as CarrierEQ) have reached settlements with the agency for failure to register their tokens as securities or their token sales as securities offerings. It is a crime in the United States since 1934 to sell virtually anything that can resemble an investment contract without first registering with the SEC or applying for an exemption. The Securities Act of 1934 was one of many pieces of legislation designed to prevent future crashes on the order of the crash of 1929, which led to what is historically referred to as the “Great Depression.”

  1. Titanium
  2. EtherDelta
  3. Paragon
  4. Airfox

Who’s next?My guess is Substratum, a US-based ICO with a rich history of fraud and price manipulation that is in the process of conducting a second ICO.

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