The Hollywood couple's rocky week now includes scrutiny of the team behind their animated series, 'Stoner Cats,' which has been landed with a $1 million fine.
has been fined $1 million by the Securities and Exchange Commission over the methods used to raise money for the project.
In a plot twist worthy of its own screen time, the SEC announced in a press release this week that the team behind the series violated the Securities Act of 1933"by offering and selling these crypto asset securities to the public in an unregistered offering that was not exempt from registration." These actions, said the SEC,"emphasized its expertise as Hollywood producers, its knowledge of crypto projects, and the well-known actors involved in the web series, leading investors to expect profits because a successful web series could cause the resale value of theEach of the NFTs were worth around $800. In purchasing them, it was sold to fans that they would get exclusive access to the animated series. Marketing for the show tied its success to the increased value of the NFTs.
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