T.I. has been ordered to pay a fine of $75,000 (£58,000) for his part in a fraudulent cryptocurrency case.The Securities and Exchange Commission (SEC) has charged the rapper with promoting fraudulent initial coin offerings (ICOs) in connection with a company called FLiK.He was accused of offering and selling FLiK “tokens” on his social media accounts and encouraging his followers to invest in the FLiK ICO.
He was also accused of falsely claiming to be a co-owner of the company.According to a press release from the SEC, “T.I. also asked a celebrity friend to promote the FLiK ICO on social media and provided the language for posts, referring to FLiK as T.I.’s ‘new venture.'”The Atlanta rapper’s social media manager, William Sparks, Jr., was.
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