Floyd Mayweather, DJ Khaled Charged with Cryptocurrency Fraud

Floyd Mayweather, DJ Khaled Charged With Promoting Cryptocurrency Without Disclosing Payment

Music producer DJ Khaled and boxer Floyd Mayweather Jr. were charged by the Securities and Exchange Commission with promoting investments in initial cryptocurrency coin offerings without revealing that they’d been paid. The SEC has said that cryptocurrency coins sold in initial coin offerings (ICOs) may be considered securities and subject to federal securities laws.