Lindsay Lohan, Jake Paul face CHARGES over ILLEGAL crypto scheme

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Actress Lindsay Lohan and YouTuber turned boxer Jake Paul have been charged for violating securities laws in touting crypto currencies

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As per reports, the stars allegedly used their social media platforms to boost two crypto tokens without disclosing they were paid to promote them.

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As per a press statement by SEC there are eight celebrities who have been charged for violating the laws

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According to SEC Chair Gary Gensler, the case demonstrated the high risk investors face when crypto asset securities are offered and sold without proper disclosure

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He added, " Sun and his companies not only targeted U.S. investors in their unregistered offers and sales

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Sun further induced investors to purchase TRX and BTT by orchestrating a promotional campaign

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No comments have been made by Lindsay Lohan or Jake Paul as of now

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Tyson Fury wants Tag team match with Tommy Fury against Jake and Logan Paul

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