Kim Kardashian Makes a $1.26 Million Payment to EthereumMax for Promoting EMAX Tokens on Instagram

Kim Kardashian agrees to pay $1.26 million to settle charges of improperly promoting cryptocurrency

A settlement agreement reached by Kim Kardashian and the Securities and Exchange Commission (SEC) on Wednesday resolved charges that she inappropriately promoted cryptocurrency through Instagram. The charges stemmed from a post she made about EthereumMax in which she didn't disclose that she received $250,000 for promoting the cryptocurrency. The post contained a link to an EMAX website and instructions for potential investors.

The SEC has settled charges that American socialite Kim Kardashian improperly promoted EthereumMax, a cryptocurrency security. Kardashian failed to disclose the payment to promote the cryptocurrency, which sparked a public controversy. As a result, the socialite agreed to pay $1.26 million to settle the charges, but she hasn't admitted any wrongdoing.

The deal also allows Kardashian to move on with her business. She has already announced plans to co-found a consumer-focused private equity firm with a former Carlyle Group partner. The company is aiming to raise $1 billion for its debut fund.

The agreement also imposes a three-year ban on the Kardashian's promotional activities relating to cryptocurrency. In the past, Kardashian had run into trouble with US authorities by promoting Bitcoin and cryptocurrency. Other celebrities who have been sued for the same crimes include DJ Khaled, Steven Seagal, and T.I. The Netherlands also arrested a developer of Tornado Cash and placed it on a sanctions list. Similarly, the creator of OneCoin, Valeria Ignatova, is accused of fraudulently defrauding investors worldwide. She is also known as Cryptoqueen.

Kim Kardashian failed to disclose how much she was paid to promote cryptocurrency

Kim Kardashian is under fire for failing to disclose how much she was paid to promote a cryptocurrency. The supermodel and reality TV star did not fully disclose her $250,000 payment to EthereumMax, a company that makes EMAX tokens. In an Instagram post that included a link to its website, Kardashian urged viewers to purchase EMAX tokens. But that post violated federal securities law, according to federal regulators.

Kardashian recently pleaded guilty to charges brought by the Securities and Exchange Commission (SEC) after she failed to disclose her payment for an Instagram ad for EthereumMax. In the ad, she failed to mention that she received $250,000, but the SEC viewed this as a security and ordered her to repay the money.

According to the SEC, Kardashian was paid $250,000 to promote EthereumMax security on Instagram, and she failed to disclose the amount of payment. In the end, she settled the charges, agreed to pay a total of $1.26 million in penalties, and agreed to cooperate with an investigation into her actions. The alleged payment was for a promotional post about EMAX tokens that were posted to her 330 million Instagram followers.

While cryptocurrency is often pitched as a get-rich-quick scheme, it is still a highly risky investment. That's why it's essential for people who wish to promote crypto assets to disclose their payments. Kardashian fully cooperated with the SEC, but her failure to disclose her payment is a serious breach of the securities laws.

Kim Kardashian promoted EMAX tokens on Instagram

Kim Kardashian was found guilty of improperly promoting EMAX tokens on Instagram, which she failed to disclose as a payment. The social media star has been barred from promoting crypto projects for three years following the SEC's investigation. Despite the stinging news, Kardashian has remained unapologetic.

Several celebrities have been accused of improperly promoting EMAX tokens, including Kim Kardashian. She is the latest to be accused of doing the same, following lawsuits filed against Floyd Mayweather Jr., Paul Pierce, and other top athletes. The SEC says the celebrities misled investors by colluding with the promoters and making false statements, including on social media.

The EMAX token shot up over 1,300 percent after Kim's post, but fell by 98% afterward. Pierce promoted EMAX tokens a month before in an ESPN dispute, and Floyd wore EthereumMax trunks during his exhibition boxing match against Logan Paul. The two have yet to comment on the accusations.

The SEC's investigation revealed that Kardashian received $250,000 from EthereumMax in exchange for promoting the crypto token on her Instagram. According to the SEC, Kardashian failed to disclose the payment agreement and that the promotion was a scam. She also failed to disclose that she personally benefited financially from endorsing the crypto token.

Kim Kardashian is also convicted of improperly endorsing cryptocurrency on Instagram. She was found to have promoted EMAX tokens, a crypto asset sold by EthereumMax, but failed to disclose how much she received in exchange. She paid $250,000 in fines and agreed to cooperate with the investigation.

Kim Kardashian did not disclose how much she was paid to promote EMAX tokens

According to the Securities and Exchange Commission, American socialite Kim Kardashian was charged with violating the securities laws by improperly marketing EMAX tokens. The SEC alleged that Kardashian failed to disclose that she received $250,000 to promote the cryptocurrency on Instagram. Kim Kardashian also failed to disclose that she was paid to promote EMAX tokens on her website, which contained instructions on how to buy them.

Although Kim Kardashian is famous and worth billions of dollars, she did not disclose how much she was paid to fraudulently promote EMAX tokens. The SEC filed a complaint against her and the company for failing to disclose the payment deal. The SEC claims that Kim benefited financially from the promotion of the EMAX tokens, and that she failed to disclose her financial relationship with the company.

As a result of the SEC's action, Kardashian has been barred from promoting crypto assets for three years. She was also ordered to pay a $260,000 penalty and disgorgement of $260,000 (the amount she received for the promotion plus prejudgment interest).

While Kim Kardashian has refused to disclose how much she was paid to promote EMAX tokens, the reality TV star has been cooperating with the SEC in the investigation. She has even pledged to help the SEC with the investigation. In addition to Kardashian, other celebrities have been nabbed by the SEC for illegally promoting cryptocurrencies. They include Floyd Mayweather Jr. and rapper T.I.

Kim Kardashian violated anti-touting provisions of federal securities laws

A settlement has been reached between Kim Kardashian and the US Securities and Exchange Commission over allegations that she improperly promoted the cryptocurrency EthereumMax. The SEC claimed that Kardashian received a payment of $250,000 to promote the cryptocurrency on her social media pages. This promotion violated the anti-touting provisions of the federal securities laws. Kim agreed to settle the case and will cooperate with the investigation.

Kim Kardashian's net worth is estimated at $1.8 billion. The fine she was recently fined is less than $100 for a typical family in the US. Kardashian's post urged potential investors to purchase the cryptocurrency EMAX tokens. A typical US family has a net worth of $122,000, so the fine is a minuscule sum.

As part of the settlement, Kardashian agreed to cease touting crypto asset securities for at least three years. Despite the settlement, she is still violating anti-touting provisions of federal securities laws. However, she agreed to cooperate with the investigation and to refrain from promoting the cryptocurrency asset securities for three years.