SEC Charges NBA Star With Illegal Crypto Promotion
Paul Pierce got into trouble for promoting Ethereum Max’s token EMAX. The basketball player “forgot” to inform about the received $ 244,000 reward.
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Now Pierce will have to pay fines, penalties and interest in the amount of $ 1.4 million. He is also prohibited from promoting securities and crypto assets for three years.
In 2022, Kim Kardashian got into a similar situation with Ethereum Max. Her fine was $1.26 million.
Have SEC created a new flow of income? Judging by the numbers, they're doing quite well.
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