Kim Kardashian on Monday agreed to pay a $1.26 million fine to settle charges brought against her by the U.S. Securities and Exchange Commission for promoting the cryptocurrency EthereumMax without disclosing the fact that she was being paid for the promotion.Getty Images for The New York Times, the SEC said its investigation found Kardashian had received $250,000 to promote the cryptocurrency on her Instagram account, a fact she failed to disclose.
As part of the settlement, Kardashian will pay $260,000 in disgorgement—repayment of her promotional fee plus accumulated interest—and a $1 million fine. Aside from the financial penalty, Kardashian has agreed not to promote any crypto assets for three years. The press release notes that Kardashian has neither admitted to nor denied the findings of the SEC’s investigation.Kardashian’s team said she fully cooperated with the SEC and is “pleased to have resolved this matter” adding that she “wanted to get this matter behind her to avoid a protracted dispute.”“When celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors…Ms.
KimisaGrifter
What is that? 2weeks worth of revenue?
So that it like some spare change she found in the recliner cushions.
She should pay much more