Kim Kardashian Charged by SEC for Crypto Promo, Agrees to Pay $1.26 Million

failed to tell her followers she was paid to promote a crypto asset -- a mistake that's now cost her $1.26 million and charges from the Securities and Exchange Commission.

The SEC made the announcement Monday ... Kardashian was allegedly paid $250,000 to post about EMAX tokens on Instagram, a crypto asset offered by EthereumMax. Kim's post also included a link to the EthereumMax website where her followers could buy the tokens. Kim has already paid $1.26 million in penalties, disgorgement and interest to the SEC ... and has cooperated in the SEC's ongoing investigation.says,"Ms. Kardashian's case also serves as a reminder to celebrities and others that the law requires them to disclose to the public when and how much they are paid to promote investing in securities."

As for how Kim's fine breaks down ... there's a $1 million penalty and the remaining $260,000 includes about how much she made for posting the promotion.

Isn’t she trying to be a lawyer? And committing CRIMES at same time? Hmmm 🤔

A grifter gotta grift.

Grifter

They'll promote anything

That’s probably didn’t put a dent in her pocket

From CNN:

I bet they even paid her fine off too. They are masters at getting everything for free.

Prison for her

1.26 million to her is like 35 cents to me plus what she made…shell be Igght

Like that’s a lot of money to her That’s pocket change to her.

WTF I'm a big huge fan of Kim look I love him for real I don't hate her like everybody else I'm just keeping it real why are you listening to Kim Kardashian about trading tips that's your own business she shouldn't have to pay you anything. She's not a financial advisor

That’s nothing for her

Waiting for the day this fandom goes away...how many of our girls have unhealthy habits trying to emulate her.

Heard this will affect her ability to get her lawyer stuff going

Well, she better ' get her f-ing a$$ up' and pay it.

Lock her up

😂😂😂

Is she gonna lose her law licence? Is she licensed with FINRA? Are cryptos considered securities and are they licensed with FINRA?

In which pocked in her 10k pants do you want her to pull that from. 1mill fine wouldn't worry her.

she rich & laughing

She should be charged PER FOLLOWER, let it hurt.

Will probably cost her shot at becoming a lawyer as well. The California Bar Association loves to deny approval of character and fitness applications on grounds of crimes involving fraud, especially SEC related ones. She has money. The law license is the one thing she wanted.

She should pay the fine in crypto 😂

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kim Kardashian Honors Dad Robert Kardashian on His Death AnniversaryOn the 19th anniversary of her father's death, Kim Kardashian offered fans an insight into how sweet and caring her late father, Robert Kardashian, was to her and her family.
Source: etnow - 🏆 696. / 51 Read more »

Kim Kardashian pays over $1M to settle SEC charges related to crypto promo on InstagramThe SEC said Kim Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram about EMAX tokens — a crypto asset security offered by EthereumMax.
Source: FOX26Houston - 🏆 448. / 53 Read more »

Kim Kardashian Will Pay SEC $1.26 Million Over Crypto Ad on InstagramThe billionaire promoted something called EthereumMax, which turned out to be worthless. Good crypto is an enduring scam But she said 'nOt a FiNaNcIaL aDvIcE' So less than she makes per instagram post? That’ll teach her
Source: Gizmodo - 🏆 556. / 51 Read more »

Kim Kardashian charged by SEC over crypto asset security, agrees to pay $1.26 million fineThe SEC said Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram account about EMAX tokens. How many bank robbers only get a fine for stealing? That’s why America is unjust… rich people literally can pay for justice She carries that much in cash in her handbag
Source: ABC7NY - 🏆 592. / 51 Read more »

Kim Kardashian settles with SEC over crypto promotionKim Kardashian has agreed to settle charges brought by the Securities and Exchange Commission and pay $1.26 million for promoting a cryptocurrency on social media without disclosing the payment she received to do so. WilcoWes LucidFoxx Trash. She’s innocent!
Source: AP - 🏆 728. / 51 Read more »

Kim Kardashian Pays $1.26M to Settle SEC Charges For Promoting EthereumMaxBREAKING: SECGov has charged KimKardashian for unlawfully touting EthereumMax without disclosing the payment she received. By OKnightCrypto SECGov KimKardashian OKnightCrypto I can t get whyy no one sshare thiss SECGov KimKardashian OKnightCrypto No one is above the law. SECGov KimKardashian OKnightCrypto Damn Kanye West needs to get involved !!
Source: CoinDesk - 🏆 291. / 63 Read more »