DJ Khaled and Floyd Mayweather both pitched deals to their followers, but did not disclose or admit they were paid to do so. Both are being fined as a result of the undisclosed sponsorships, which were, of course, for sleazy cryptocurrencies.
Both took money to promote Centra Tech, an ICO that eventually led to fraud charges for several of its masterminds. The SEC found that Mayweather took $100,000 to promote the Centra token, as well as $200,000 to promote two other ICOs, in posts like an Instagram message where he told his millions of followers "You can call me Floyd Crypto Mayweather from now on." DJ Khaled was paid $50,000 to promote Centra Tech -- facts neither mentioned in their social media posts. While they avoided admitting any wrongdoing, both will have to give up the money they were paid, along with an additional $300,000 penalty for Mayweather to go with a $100,000 fine for DJ Khaled (plus interest).
A phenomenon of the Twitter era is celebrities not really bothering with professional financial and business help beyond accountants. The dumb ones are easier marks than ever.
Here's the SEC press release on the Centra coin shenanigan. It peaked at a $240m market cap but quickly deflated and is now nearly worthless; the founders were arrested in April.
A video promoting new Playstation games has disappeared from the web after fans noticed that its hand-drawn segues were nearly identical to scenes in other animated works. The swipes are unusually brazen, featuring not just individual frames or designs but entire sequences lifted from productions as widely-seen as Stephen Universe: The Movie. Here’s an unofficial […]
A woman was taken into protective custody for pretending she was experiencing a breathing problem in order to get a bigger seat on an American Airlines flight from Pensacola to Miami, reports NBC News. The pilot decided to turn the plan around and landed in Pensacola. When the plane landed, the woman refused to get […]
I own a sodastream and have often contemplated living the dream, but never had the courage to “inject a bunch of co2” into milk. Joe Barnard did. BARNARD: Here we go! *depresses sodastream injector button* *ssshshhhhhooooooiiiiii—* *releases sodastream injector button* *oooiiiiiissshhhhhhhh—* BARNARD: *chuckles* *sshhhhhhhhoooooooouiiiiiiiishhhhh—* BARNARD: Oh dear. *sshhslplspslpslpslpslspls—* BARNARD: Well, this is awful. *hissing milk […]
Who are these people that have time for a job, social life, and actual healthy meals? With a nutrition segment on seemingly every talk show and entire networks devoted to food, it can sometimes seem like we’ve never left our mother’s house and her constant admonitions to “eat your vegetables!” And okay, she was right. […]
Every Christmas list has names you dread buying for. But hold up: Before you wave the white flag and get them yet another gift card, scroll down a few. We’ve got 15 items that run the gamut from stylish old-school lighters to cutting-edge audio tech, enough variety to please any Scrooge. And the best part? […]
We’re living in the age of Big Data. As the driving force behind everything from Google’s famed algorithms to self-driving cars, massive sets of complex data can be found at the heart of some of today’s most exciting and important technologies. The Ultimate SQL Bootcamp Certification Bundle will give you the skills and tools you […]