Lindsay Lohan, Akon and Ne-Yo fined thousands of dollars after illegal crypto promotion
Actress Lindsay Lohan, rapper Akon and singer Ne-Yo have been forced to pay tens of thousands of dollars to settle claims they promoted crypto investments to their social media followers without disclosing they were being paid to do so. The group of celebrities, which also included rapper Lil Yachty, boxer and internet personality Jake Paul and adult film performer Michelle Mason, agreed to pay more than £325,000 ($400,000) to the US Securities and Exchange Commission (SEC). The celebrities were paid to promote crypto companies Tronix and BitTorrent to their millions of followers on social media.