Kim kardashian He pays a hefty fine after facing a legal problem.
On October 3, the Securities and Exchange Commission announced that the SKIMS mogul was indicted for “promoting on social media the security of crypto-assets offered and sold by EthereumMax without disclosing the amount received for the promotion.” According to a SEC press release, Kim — “without admitting or denying the SEC findings” — agreed to settle the charges, as well as pay $1.26 million in fines, inconvenience and interest.
Kim’s lawyer told E! News. “Kardashian has cooperated fully with the SEC from the start and remains willing to do everything she can to help the SEC with this matter. She wanted to keep this matter behind her to avoid a long-running dispute. The agreement she reached with allows The Securities and Exchange Commission (SEC) to do this so that you can move forward with many different businesses.”
The SEC order found that Kim had failed to disclose that she had received $250,000 for promoting EMAX tokens, the crypto-asset protection offered by EthereumMax, on her Instagram account.
from San Jose News Bulletin https://sjnewsbulletin.com/kim-kardashian-will-pay-1-26-million-to-settle-sec-fees/
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