The Securities and Exchange Commission charged eight high-profile celebrities in a crypto scheme tied to Justin Sun and his companies Tron Foundation.
The stars were charged with touting cryptocurrencies associated with Sun’s companies “without disclosing that they were compensated for doing so and the amount of their compensation.”
According to the SEC, those being charged are actress Lindsay Lohan; influencer and boxer Jake Paul; adult film star Kendra Lust; and rappers and singers Soulja Boy, Ne-Yo, Lil Yachty, Akon and Austin Mahone.
The SEC says that with the exception of Mahone and Soulja Boy , the stars have agreed to pay a penalty of more than $400,000, without admitting or denying the charges.
