Connect with us

Hi, what are you looking for?

TopMarketReports.comTopMarketReports.com

Tech News

SEC sues Justin Sun for his crypto schemes, along with Lindsay Lohan, Jake Paul, and Soulja Boy

An image showing Justin Sun with a black bar in front of his eyes
Photo by Calvin Sit / Bloomberg via Getty Images

When we wrote about Tron founder Justin Sun and possible illegal activities within his cryptocurrency empire last year, the Securities and Exchange Commission (SEC) declined to comment. Said one employee who spoke to The Verge, “If he breaks so many laws at such a rapid pace, it’d be impossible for anyone to catch up to him.”

Today, the SEC announced civil charges against Sun and eight celebrities, including Lindsay Lohan, Jake Paul, and Soulja Boy.

In a complaint filed Wednesday, the SEC claims the crypto entrepreneur engaged in market manipulation and the unregistered offer and sale of securities by dealing with his crypto assets TRX and BTT. The celebrities who touted the coin are being charged with not disclosing that they were…

Continue reading…

You May Also Like

Editor's Pick

Adam N. Michel As Congress searches for policies to meet our current economic challenges, maintaining full expensing—which has begun to phase out—should be top...

Editor's Pick

Marc Joffe Each April, USAFacts, a not‐​for‐​profit information provider founded by former Microsoft CEO Steve Ballmer, issues a report on the condition of US federal, state,...

Editor's Pick

Marc Joffe Federal, state, and local governments are being called upon to support struggling transit agencies to meet climate change goals. But spending money...

Editor's Pick

David Boaz A new study by the Indian newspaper The Print, based on data from The Economist Intelligence Unit’s Democracy Index 2022, finds that...