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Steven Seagal not Above the Law after settling anti-touting charges
28.02.2020 - 07:31 / peoplemagazine.co.za
Steven Seagal will hand over $314,000 (£243,500) to officials at America’s Securities and Exchange Commission to settle anti-touting charges related to his involvement in a bitcoin venture.
The star of action films like Under Siege and Above the Law was found to have violated federal securities laws after urging fans online to snap up Bitcoiin2Gen tokens following the company’s launch in 2018 – without revealing his own interest in the firm.
Seagal had been promised a $250,000 (£194,000) cash
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NOT ABOVE THE LAW: Steven Seagal forks out $314G to settle anti-touting charges
Steven Seagal will hand over $314,000 to officials at America’s Securities and Exchange Commission to settle anti-touting charges related to his involvement in a bitcoin venture.
hollywoodreporter.com
27.02.2020 / 21:21
Steven Seagal Charged With Unlawfully Touting Cryptocurrency
Steven Seagal was charged with failing to disclose payments he received for promoting an investment in an initial coin (cryptocurrency) offering by the Securities and Exchange Commission. The 67-year-old actor allegedly failed to disclose he was promised $250,000 in cash and $750,000 worth of Bitcoiin2Gen (B2G) tokens in exchange for his promotions on his social media platforms for the initial coin offering (similar to an IPO) the SEC announced Thursday.