Not above the law: Steven Seagal's shady crypto past under siege by SEC
When it comes to celebrities shilling shady initial coin offerings for money, the Securities and Exchange Commission is out for justice.
Actor Steven Seagal found himself on deadly ground on Thursday following an SEC charge that, back in 2018, he failed to disclose he was being paid to promote an ICO for a token by the name of Bitcoiin2Gen. While not admitting any fault, it appears Seagal made the executive decision to fork over $314,000 in fines and penalties levied by the government.
According to an SEC press release, Seagal was "promised" $250,000 in cash and $750,000 worth of B2G tokens to push the supposedly hard-to-kill ethereum-based token on his social media accounts. Read more...
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