U.S. body charges Floyd Mayweather and “DJ Khaled’’ over token offerings

0

Get real time updates directly on you device, subscribe now.

The U.S. Securities and Exchange Commission (SEC) has charged boxer Floyd Mayweather Jr. and music producer “DJ Khaled” with failing to disclose payments.

The charge is about payments they received for promoting investments in initial coin offerings (ICOs).

The two did not admit or deny the regulator’s charges, but agreed to pay a combined 767,500 U.S. dollars in fines and penalties, the SEC said in a statement on Thursday.(Reuters/NAN)

Leave a Reply

Leave a Reply

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