Steven Seagal, the star of action movies including 'Above the Law' and...
WASHINGTON - Steven Seagal, the star of action movies including “Above the Law” and “Out for Justice,” has agreed to pay $314,000 to resolve charges of “unlawfully touting” a cryptocurrency offering, the U.S. securities regulator said on Thursday.
Seagal, 67, agreed to give up $157,000 in ill-gotten gains and to pay another $157,000 as a penalty for failing to disclose payments he received for promoting an investment in an initial coin offering from Bitcoiin2Gen , the Securities and Exchange Commission said in a statement. Seagal, who did not admit to any wrongdoing, failed to disclose that he was promised $1 million in cash and B2G tokens in exchange for those endorsements, the SEC said.Seagal, a Hollywood actor and martial arts expert who now lives in Russia, became a “believer” in and “brand ambassador” for the coins, B2G said in a statement in February 2018. From about February to March 2018, Seagal promoted B2G to his Facebook and Twitter followers with statements including “Don’t miss out.
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Actor Steven Seagal settles SEC case over not disclosing payments for touting cryptocurrencyAn SEC order said actor Steven Seagal agreed to pay $314,000 in disgorgement and penalties for violating anti-touting provisions of federal securities laws in promoting Bitcoiin2Gen, a cryptocurrency system.
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Steven Seagal to Pay $314,000 in Settlement With SEC for Touting Bitcoin InvestmentSteven Seagal has agreed to pay $314,000 to the Securities and Exchange Commission to settle charges related to a bitcoin offering that the actor touted on his social media channels. Seagal failed …
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