butters
High on a Hill
- Joined
- Jul 2, 2009
- Posts
- 85,870
Putin appoints Steven Seagal for diplomat job 02:30
(CNN)The Securities and Exchange Commission announced Thursday it had settled charges against actor Steven Seagal for failing to disclose payments for promotional work.
The "Above the Law" star was charged with promoting an investment in an initial coin offering (ICO) conducted by Bitcoiin2Gen (B2G).
According to the SEC, Seagal failed to disclose he was promised $250,000 in cash and $750,000 worth of B2G tokens for his work.
The promotions came six months after the SEC's 2017 DAO Report warning that coins sold in ICOs may be securities.
In accordance with the anti-touting provisions of the federal securities laws, any celebrity or others who promotes a virtual token or coin that is a security must disclose the nature, scope, and amount of compensation received in exchange for the promotion.
although he didn't admit his guilt, he repaid the more modest $157,00 plus $16,000 interest plus a $157,000 fine.
just another arsehole who thinks they can get away with ripping off investors by being a shady creep... and in 2018 russia announced him their "special representative" on US-Russian humanitarian ties.
never liked the sleazebag