Floyd Mayweather Jr. escapes cryptocurrency fraud charge with hefty settlement

Floyd Mayweather Jr. escapes cryptocurrency fraud charge with hefty settlement

Floyd Mayweather Jr. has settled with the SEC after failing to report payments for promoting cryptocurrency entities on Twitter, The Associated Press reported. Mayweather agreed to pay a $300,000 penalty, give up another $300,000 and pay $14,775 in interest under the settlement, as the SEC claimed Mayweather failed to report three separate promotion deals that paid him a total of $300,000.