Boxer Floyd Mayweather Jr. and Music producer DJ Khaled were charged by the Securities and Exchange Commission (SEC) for promoting offerings of Cryptocurrency Coin without disclosing they were compensated to do so.
According to reports, Mayweather failed to disclose that he had received $300,000 and Khaled failed to disclose a payment of $50,000.
Upon being charged both, Khaled and Mayweather settled with the SEC and agreed to no longer participate in the promotion of any securities for up to three years.
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