im Kardashian, the American socialite famous for releasing a sex tape and taking part in reality show, “Keeping Up with the Kardashians” was charged on Monday with unlawfully touting a crypto security.
The United States Securities and Exchange Commission (SEC) said Kim Kardashian was in violation of its securities rule because she did not disclose she was paid $250,000 to promote the crypo, EthereumMax.
Kardashian has agreed to pay the settlement charge of $1.26M and will cooperate with the ongoing investigation. The settlement takes into consideration all the interest and gains she made from promoting the crypto asset.
Now we all know promoting a crypto or any security without acknowledging you are compensated for it is a criminal offence.