Kim Kardashian has agreed to settle charges brought against her by the Securities and Exchange Commission.
agreed to settle charges brought against her by the Securities and Exchange Commission for unlawfully promoting a crypto security product on Instagram without disclosing that she had been paid $250,000 for the post. Now, the reality star will have to pay $1.26 million in penalties, disgorgement, and interest, in addition to cooperating with an ongoing investigation being conducted by the SEC.
Shared last year, the post that earned Kardashian a quarter of a million dollars — but lost her much more — contained a link to the website for EthereumMax, which offers and sells a crypto asset security known as EMAX tokens.
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