American businesswoman Kim Kardashian on Monday agreed to pay a $1.26 million fine to settle charges brought against her by the U.S. Securities and Exchange Commission for promoting the cryptocurrency EthereumMax without disclosing the fact that she was being paid for the promotion.
In a press release, the SEC said its investigation found Kardashian had received $250,000 to promote the cryptocurrency on her Instagram account, a fact she failed to disclose.
As part of the settlement, Kardashian will pay $260,000 in disgorgement—repayment of her promotional fee plus accumulated interest—and a $1 million fine, Forbes.com reports.
Aside from the financial penalty, Kardashian has agreed not to promote any crypto assets for three years.
The press release notes that Kardashian has neither admitted to nor denied the findings of the SEC’s investigation.
In a statement shared with Forbes, Kardashian’s team said she fully cooperated with the SEC and is “pleased to have resolved this matter” adding that she “wanted to get this matter behind her to avoid a protracted dispute.”
Commenting on the situation, Chairperson, U.S. Securities and Exchange Commission Gary Gensler said, “When celebrities or influencers endorse investment opportunities, including crypto-asset securities, it doesn’t mean that those investment products are right for all investors…Ms. Kardashian’s case also serves as a reminder to celebrities and others that the law requires them to disclose to the public when and how much they are paid to promote investing in securities.”
1,498 total views, 3 views today
Caroline Danjuma Pledges Lifetime Commitment To Nollywood
Nollywood actress and aspiring politician, Caroline Danjuma has bagged an appointment with Actors Guild of Nigeria (AGN).
Sharing the good news on her Instagram page, Caroline expressed how honored she is to serve an industry that believed in her and gave her a platform to showcase her talent.
Pledging her commitment, Caroline stated that she is always readily available to serve and deliver to the success of Nollywood.
The ex-wife of billionaire, Musa Danjuma was appointed the Director AGN investment.
“Extremely honored to serve an industry that believed in me and gave me a platform to showcase my talent. Always available to serve and deliver to the success of Nollywood.
Work begins… May God bless my steps, may I be a blessing to AGN and the family @actorsguildofnigeria”.
This month has no doubt been a winning month for Caroline Danjuma as she continues to soar high in her career.
Caroline Danjuma bags MSc in International Law
Just days back, Caroline Danjuma had taken to social media to brag over her intellectual skills.
The ex-wife of billionaire Musa Danjuma had bagged a Master degree in International Law. To top it off, Caroline graduated with a 4.09 GPA ( grade A ).
Taking to Instagram to brag, Caroline Danjuma shared photos from her graduation ceremony as she expressed pride in her achievement.
“Okkkrrrruuuuu… MSC Int. Law GPA 4.09 (grade A student) we brag differently”.
Caroline Danjuma emerges as Deputy governship candidate for Akwa Ibom
Kemi Filani reported last year that Caroline Hutchins Danjuma had followed in the footsteps of her colleagues, Tonto Dikeh and Funke Akindele as she delved into politics.
Just like her colleagues, Caroline Danjuma had been unveiled as the deputy governorship candidate for African Action Congress AAC, Akwa Ibom.
Taking to her Instagram page to announce the good news, Caroline vowed to serve and honor in loyalty and truth to Akwa Ibom and Nigeria.
1,102 total views, 1,001 views today
BBTitans: HoH Blue Aiva And Partner Save Yemi’s Pair As Khosi, Miracle, 7 Others Face Possible Eviction
Housemates in the Big Brother Titans reality show have nominated each other for possible eviction on Sunday.
Recall that Blue Aiva and Kanaga Jnr emerged Head of House on Monday night.
This followed the eviction of Sandra and Theo during the live show on Sunday.
At the end of the nomination process on Monday, BlaqLeng, KhosiCle, ThabaNa, YeLisa and JayKay.
However the HOH, KanAiva saved Yelisa and replaced with MaYa.
Here is how housemates nominated:
YeLisa- JayKay and BlaqLeng
JayKay- JenniLi and ThabaNa
Royals -KhosiCle and ThabaNa
KhosiCle -Royals and BlaqLeng
JuVonne – KhosiCle and BlaqLeng
JenniLi -YeLisa and KhosiCle
JuOvla -BlaqLeng and ThabaNa
BlaqLeng -KhosiCle and JuVonne
MaYa -ThabaNa and BlaqLeng
ThabaNa -JayKay and YeLisa
KanAiva -JayKay and KhosiCle
2,296 total views, 1,891 views today
‘I’ve Strong Feelings For You’, South African Rapper, Gigi Lamayne Professes Love To Burna Boy
Popular South African rapper, Genesis Gabriella Tina Manney, also known as Gigi Lamayne has publicly professed her love for famous Nigerian singer, Damini Ebunoluwa Ogulu, a.k.a Burna Boy.
Gigi declared her love for Burna Boy in a post shared on her Twitter handle.
The rapper expressed that despite how she feels deeply about the self-acclaimed African Giant, he never knows about her emotions.
“I’m so in love with @burnaboy, and he may never know this life thing, yooooo.”
Reacting, Burna Boy liked her post. And this made her pleased as she shared a screenshot of the tweet Burna liked, claiming to have received confirmation that he is aware of how much she likes him.
1,198 total views, 1,021 views today
- 2023: Peter Obi Promises ‘New Nigeria’ If Elected President
- ‘How Fake Zenith Bank Agent Stole N141,000 From My Account’, Hairstylist Narrates
- Caroline Danjuma Pledges Lifetime Commitment To Nollywood
- BBTitans: HoH Blue Aiva And Partner Save Yemi’s Pair As Khosi, Miracle, 7 Others Face Possible Eviction
- ‘I’ve Strong Feelings For You’, South African Rapper, Gigi Lamayne Professes Love To Burna Boy
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