Mega fine to Kim Kardashian, she will pay over 1 million to Sec – North America

Kim Kardashian has agreed to pay more than $ 1 million to the SEC, the Securities and Exchange Commission, to end a dispute with Consob USA for not declaring what she received for an Instagram post advertising a cryptocurrency company . Cnbc reports it.
The SEC accused the reality star of violating federal laws for failing to report being paid $ 250,000 to post a post on EMAX tokens, a cryptocurrency asset offered by EthereumMax. The post, which contained the hashtag “#ad”, included a link to the EthereumMax website, which provides users with instructions on how to purchase tokens.
Kardashian, who has assets of approximately $ 2.8 billion, also agreed not to promote the crypto currency sector for three years and to cooperate with the ongoing investigation.



This site uses Akismet to reduce spam. Learn how your comment data is processed.