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Rapper T.I. charged by the SEC for promoting a fake cryptocurrency.

by The Clarity Times September 13, 2020
written by The Clarity Times September 13, 2020

Atlanta – GA: Sept. 13, 2020 – Actor, rapper, and entrepreneur Clifford Joseph Harris famously known as T.I. agreed to pay 75,000 dollars to the Securities and Exchange Commission for promoting a fraudulent cryptocurrency offering.

According document published by the SEC, Rapper T.I.  allegedly using his twitter account to promote and sell a cryptocurrency token called FLIK to his fans on the social media platform. The cryptocurrency token was a scam created by Ryan Felton, a movie producer, in 2017 that never delivered on the promises made. There was never a FLIK platform as promoted to the fans or consumers, the SEC said.

 Ryan Felton and three other individuals from Atlanta, Georgia, who names are retracted, have been also charged by the SEC. Each of those individuals have promoted one of Felton’s two unregistered and fraudulent initial coin offerings (ICOs). According to a press release by the SEC, aside from Felton, all of the individuals including T.I have agreed to settlements to resolve the charges against them.

As part of the settlement, T.I accepted to do not participate in any digital asset sales for the next five years.

Actorand entrepreneur Clifford Joseph HarrisCryptocurrencyecurities and Exchange CommissionFLIKrapperSECT.I
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The Clarity Times
  • Home
  • Haiti
    • Haiti

      Un Nouveau Comité Prend les rênes de l’Alliance…

      December 28, 2022

      Haiti

      Odette Roy Fombrun, one of Haiti’s most prolific…

      December 27, 2022

      Haiti

      Poukisa tout bagay Ayisyen pa ka EKSPLIKE se…

      October 16, 2022

      Haiti

      Poukisa Yon Komisyon sou Kat Idantite Pou Jounalis…

      September 21, 2022

      Haiti

      Haiti: Haitian President Jovenel Moïse Shot Dead at…

      July 7, 2021

  • World
    • World

      Undocumented Haitians Can Stay in the United States…

      May 23, 2021

      World

      Haiti: Le Core Group appelle à des élections…

      April 8, 2021

      World

      U.S Justice Reform: No More Death Penalty in…

      March 25, 2021

      World

      Why did Haitian Rapper Izolan Get Arrested?

      March 25, 2021

      World

      Former President Donald Trump Reacts to Second Impeachment…

      February 15, 2021

  • Sports
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      Football/MLS: Leonel Messi Sou Wout Pou Vin Jwe…

      December 1, 2022

      Sports

      Match de gala: les arbitres plus forts que…

      January 2, 2022

      Sports

      Dennis Rodman’s old daughter to become the youngest…

      January 14, 2021

      Sports

      The Former Haitian Football Association, Yves Jean-Bart, Bans…

      November 20, 2020

      Sports

      What Happened to those five NBA players after…

      October 16, 2020

  • Health
    • Health

      LASWENYAY inaugure son complexe médical à Croix-des-Bouquets

      March 17, 2021

      Health

      Pancreatic Cancer: The Silent Killer.

      September 23, 2020

  • Coronavirus
  • Religion
    • Religion

      Historic visit of Pope Francis in Iraq.

      March 6, 2021

      Religion

      Carl Lentz, Justin Bieber’s Pastor Fired for Infidelity.

      November 6, 2020

  • Podcast
    • Podcast

      Jounen Entenasyonal lit Fanm – Ki bilan lit…

      March 8, 2021

      Podcast

      Clarity Time Podcast – Mother’s day special Episode

      February 27, 2021

      Podcast

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      February 27, 2021