CNBCのインスタグラム(cnbc) - 11月30日 10時20分

Pro boxer Floyd Mayweather and music producer DJ Khaled pumped up initial coin offerings, or ICOs, without telling investors they were getting paid a promotional fee, according to a settlement announced Thursday.

Mayweather didn't disclose a $100,000 promotional payment from Centra Tech Inc., while Khaled didn't disclose a $50,000 payment.

The two men settled the charges without admitting or denying the findings. The SEC says its investigation is ongoing.

ICOs are a relatively new phenomenon that has attracted billions of investor dollars to new cryptocurrencies, often with little to back them up. Learn more about them, and this case, at the link in CNBC's bio. ******** #djkhaled #floydmayweather #crypto #ICOs #cryptocurrency #blockchain #cryptocurrencies #litecoin #ico #fintech #altcoins #money #finance #altcoin #trading #forex #business #finance #news #celebritynews #cnbccrypto #cnbc

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