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  • Kim Kardashian, Floyd Mayweather Jr., Others Sued Over Cryptocurrency Promotion – The Wall Street Journal

 January 12

by Carolina

Kim Kardashian, Floyd Mayweather Jr., and Paul Pierce are among a number of celebrities being sued for allegedly leading investors into a cryptocurrency “pump and dump” scam.

The celebrities and other defendants are accused of making “false or misleading statements to investors about EthereumMax through social media advertisements and other promotional activities,” according to the class-action complaint filed last Friday in the U.S. District Court for the Central District of California. In addition to the three celebrities, defendants include the co-founders of the company and others.

Original posted at www.wsj.com

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