Posted on 10/03/2022 7:53:44 AM PDT by Red Badger
Kim Kardashian has landed in hot water with the feds over an Instagram post promoting a cryptocurrency asset that has been blasted by critics as an alleged “pump and dump” scheme.
The Securities and Exchange Commission announced on Monday that it has charged the reality television star and social media influencer “for touting on social media a crypto asset security … without disclosing the payment she received for the promotion.”
The SEC said Kim K “agreed to settle the charges, pay $1.26 million in penalties, disgorgement, and interest, and cooperate” with the ongoing investigation.
The Securities and Exchange Commission announced charges against Kim Kardashian in connection with an Instagram post touting a cryptocurrency asset, EMAX. The Securities and Exchange Commission announced charges against Kim Kardashian in connection with an Instagram post touting a cryptocurrency asset, EMAX. Evan Agostini/Invision/AP Kardashian paid the penalties “without admitting or denying the SEC’s findings,” according to the agency. She also agreed to refrain from promoting any crypto asset securities for three years, the government said.
A spokesperson for Kardashian told The Post: “Ms. Kardashian is pleased to have resolved this matter with the SEC.”
“Kardashian fully cooperated with the SEC from the very beginning and she remains willing to do whatever she can to assist the SEC in this matter.”
(Excerpt) Read more at nypost.com ...
Pocket change...
If it was us, we’d end up in prison for 10 years.
This is just the fed grifters getting their piece of the pie.
Kardashianonomics
I bet the Big Guy still got 10%.
Personally I think the whole cryptocurrency thing is a trap.
Well she is a Hobbit.
Paid in real money or in crypto money?
“Pump & Dump” That sounds like her philosophy of dating.
...‘pump and dump’...
Wasn’t that the name of one of that filthy skank’s porno movies?
The Trashdashians really did a number on the integrity of American culture.
She claimed ignorance, and they believed her.
No, they just took advantage of it to make some dough..................
SEC lined up to give Kim a pat on the ass.
Fake digital currency for suckers
Couldn’t she just shake her butt at them?
Seems to work with most TV audiences.
That’s a drop in the bucket to Kim.
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