Saturday, December 1, 2018

DJ Khaled, Floyd Mayweather charged with cryptocurrency fraud by SEC

Mayweather, 41, and Khaled, 43, were charged for promoting the initial coin offering (ICO) of a new form of cryptocurrency from Centra to their network of social media followers — without telling them they were being paid to do so. Khaled called it “a game changer” on Instagram, while Mayweather told his followers he’d already invested, and urged them to do the same.

Centra cofounders. Sam Sharma, Ray Trapani and Robert Farkas all face criminal and civil charges.
Reports suggest both Khaled and Mayweather have settled with the SEC “and agreed not to promote any securities, even digital ones, for two years and three years, respectively. They also agreed to give back the money they’d received to the SEC and pay penalties “with interest.”

See ----->New cryptocurrencies - the pre-eminent Ponzi Scheme
See ----->Stablecoin - The latest Ponzi Scheme for Dummies