Actor Lindsay Lohan, rapper Akon and a number of other different celebrities have agreed to pay tens of 1000’s of {dollars} to settle claims they promoted crypto investments to their thousands and thousands of social media followers with out disclosing they have been being paid to take action.
Lohan, Akon, recording artists Ne-Yo, and Lil Yachty, boxer and web persona Jake Paul, and grownup movie performer Michele Mason agreed to pay greater than $US400,000 ($A600,000) mixed in disgorgement, curiosity and penalties to settle the claims, the Securities and Trade Fee mentioned Wednesday.
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