Actress Lindsay Lohan and influencer Jake Paul have been charged for allegedly partaking in an illegal crypto scheme.
Actress Lindsay Lohan and influencer Jake Paul have been charged for allegedly partaking in an illegal crypto scheme along with six other celebrities.
Both Lindsay Lohan and Jake Paul were charged with “illegally touting TRX and/or BTT without disclosing that they were compensated for doing so and the amount of their compensation.” The six other celebrities alongside the two were DeAndre Cortez Way , Austin Mahone, Michele Mason , Miles Parks McCollum , Shaffer Smith , and Aliaune Thiam .
SEC Chair Gary Gensler said in a statement that the case represents the kind of “high-risk investors face when crypto asset securities are offered and sold without proper disclosure.”
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