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27 September 2020

Rapper T.I. Hit By SEC After Promoting Phony Crypto | Live Bitcoin News

Rapper T.I. Hit By SEC After Promoting Phony Crypto | Live Bitcoin News


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The SEC has made it clear over the past few years that it’s not going to play around.

Felton claimed that he would build “Netflix on the blockchain” but ultimately failed to deliver on any of the promises he made to his investors.

Instead, he used the money that was garnered through the ICO to push the price of SPARK, a second crypto token that Felton also had control of.

It is estimated by the SEC that the ICO garnered as much as 539 ether units – worth approximately $164,665 three years ago – during the month of September 2017 alone.

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