This is bruuuutal! LOLz!
03.10.2022 - 17:08 / deadline.com
Kim Kardashian will pay $1.26 million and has agreed not to promote any crypto securities for three years to settle charges with the SEC that she didn’t disclose payments for touting assets that were offered and sold by EthereumMX.
Kardashian “agreed to settle the charges, pay $1.26 million in penalties, disgorgement, and interest, and cooperate with the Commission’s ongoing investigation,” the SEC said.
The SEC found that Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram account about EMAX tokens, the crypto asset security being offered by EthereumMax. Kardashian’s post contained a link to the EthereumMax website, which provided instructions for potential investors to purchase EMAX tokens.
“This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors,” said SEC Chair Gary Gensler. “We encourage investors to consider an investment’s potential risks and opportunities in light of their own financial goals.”
“Ms. Kardashian’s case also serves as a reminder to celebrities and others that the law requires them to disclose to the public when and how much they are paid to promote investing in securities,” the securities watchdog said.
Crypto is a highly volatile and risky investment that’s has been touted by actors like Matt Damon, athletes like former NBA star Paul Pierce and superstar boxer Floyd Mayweather Jr., and executives like Elon Musk, all of whom have huge social media followings. Kardashian’s promo, which she posted on Instagram in June of 2021, asking her millions of followers, “Are you into crypto??? This is not financial advice
This is bruuuutal! LOLz!
Kim Kardashian and her ex, Kanye West, still critique one another’s looks despite no longer being together. On Thursday’s episode of “The Kardashians”, Kim is in Milan, Italy, ahead of the Prada show, rocking a variety of leather getups.
Move over, Kendall Jenner. Kim Kardashian is the one raising eyebrows when it comes to food during the latest episode of The Kardashians.
Kanye West can’t help himself when it comes to Kim Kardashian’s style. The Kardashians star revealed on the Thursday, October 6, episode of the Hulu show what her ex-husband texted her about her looks from her trip to Milan with Kendall Jenner.
Kim Kardashian and her ex, Kanye «Ye» West, still critique one another's looks despite no longer being together. On Thursday's episode of, Kim is in Milan, Italy, ahead of the Prada show, rocking a variety of leather getups. She's stepping out in the bold styles despite the fact that the father of her four children, who used to have more control over what she wore, disapproves. In one scene, as Kim is getting dressed, she receives a text from the Yeezy designer, and proceeds to show it to her pal, Tracy Romulus. «No white glasses.
Kim Kardashian may be a lawyer(ish), but she lost this legal battle!
Kim Kardashian is paying $1.26 million in a settlement agreement with the Securities and Exchange Commission amid charges that she unlawfully touted a cryptocurrency without disclosing she was being paid for the promotion.Kardashian is paying the settlement without admitting to or denying the SEC's findings, the agency said on Monday. She also agreed to not promote any crypto asset securities for three years.The agency said Kardashian will cooperate in its ongoing investigation.The fine is linked to a cryptocurrency called EthereumMax, or EMAX, which was pitched to investors as a disruptive new cryptocurrency.
Kim Kardashian's influencing has gotten her in trouble. The star has agreed to pay millions of dollars to the U.S.
Kim Kardashian has been charged for being unlawful.
Todd Spangler NY Digital Editor Kim Kardashian agreed to pay $1.26 million to settle charges by the Securities and Exchange Commission that she touted a crypto asset security without disclosing the payment she received for the promotion, the agency said. Under the settlement, without “admitting or denying the SEC’s findings,” Kardashian also agreed to not promote any crypto asset securities for three years, per the agency. According to the SEC’s order, Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram account about EMAX tokens, the crypto asset security being offered by EthereumMax. Kardashian’s post linked to the EthereumMax website, which provided instructions for potential investors to purchase EMAX tokens.
Kim Kardashian and Kanye West have sparked controversy after their nine-year-old daughter North West was pictured in a full leather face mask at Paris Fashion Week. The rather bizarre outfit choice left fans criticising her parents, who slammed the look as “inappropriate” and “seriously wrong.” North could be seen with her whole face covered as photographers and other onlookers took snaps as she headed into a hotel with an escort of some sort.
Kim Kardashian is wrapping up a long day.