DESCRIPTION
"Rapper T.I. Forced To Pay $75,000 SEC Fine for Promoting Fraudulent ICO.
Clifford Harris Jr., the Atlanta-based rapper better known as T.I., agreed to pay a $75,000 penalty to settle U.S. Securities and Exchange Commission claims that he played a role in promoting an unregistered and fraudulent initial coin offering.
T.I. promoted FLiK tokens to his social media followers in 2017, falsely stating that he was a co-owner of the “Netlifx on the blockchain,†which was advertised as creating a streaming media platform with products that could be purchased with digital tokens, the SEC said in a statement Friday." - winnaijatv.com
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