Tom Brady, other sports figures caught in the crypto scandal

Republicaninmass · #1 11-18-2022, 02:28 PM

Good day recently Kim K was fined 1.2 million

According to the US Securities and Exchange Commission (SEC), Kardashian promoted EMAX cryptocurrency tokens on her Instagram Story but did not make it clear that she had been paid $250,000 by the cryptocurrency brand, EthereumMax. By doing so, she broke a part of the Securities Act that makes it unlawful for people to promote securities without fully disclosing any payment they had received to do so, the SEC said.

I'm not sure an "ad" needs a disclosure, but many do have disclaimers they are indeed "paid actors"

Just playing devil advocate! Seems most of this money, and Brinkman-Frieds mom was recently used for certain campaigns.

irv · #2 11-18-2022, 03:05 PM

Quote:

Originally Posted by Republicaninmass

Good day recently Kim K was fined 1.2 million

According to the US Securities and Exchange Commission (SEC), Kardashian promoted EMAX cryptocurrency tokens on her Instagram Story but did not make it clear that she had been paid $250,000 by the cryptocurrency brand, EthereumMax. By doing so, she broke a part of the Securities Act that makes it unlawful for people to promote securities without fully disclosing any payment they had received to do so, the SEC said.

I'm not sure an "ad" needs a disclosure, but many do have disclaimers they are indeed "paid actors"

Just playing devil advocate! Seems most of this money, and Brinkman-Frieds mom was recently used for certain campaigns.

Campaigns??? Certainly not a trusted, honest, noncorrupt and aboveboard Federal campaign, is it Ted?

Peter_Spaeth · #3 11-18-2022, 06:29 PM

In other celebrity crime news, Elizabeth Holmes was sentenced today to 11 years in prison. Ouch.

mrreality68 · #4 11-20-2022, 08:09 AM

Quote:

Originally Posted by Peter_Spaeth

In other celebrity crime news, Elizabeth Holmes was sentenced today to 11 years in prison. Ouch.

She deserved what she gets. The celebrity endorsements on the other hand will pay for their lawyers but they cannot be held liable for the companies unless they were part of the ownership/management group and then it is still a maybe

1952boyntoncollector · #5 11-20-2022, 11:32 AM

Its funny that Larry David go sued when he is saying crypto is a bad investment in the commercial...then gets sued.....could of been in an curb episode.

Peter_Spaeth · #6 11-20-2022, 11:40 AM

Quote:

Originally Posted by mrreality68

She deserved what she gets. The celebrity endorsements on the other hand will pay for their lawyers but they cannot be held liable for the companies unless they were part of the ownership/management group and then it is still a maybe

Well they could be liable as individuals for their own wrongful conduct, but fraud requires proof of intent to deceive and it seems to me very unlikely a plaintiff could prove that.

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