T.I. Ordered to Pay $75,000 for Fraudulent Cryptocurrency
[ad_1] T.I. came out on the wrong end of a battle with the Securities and Exchange Commission and has been ordered to pay a $75,000 fine for helping promote a fraudulent cryptocurrency in 2017.The ruling was handed down on Friday (Sept. 11). Tip has been named in the case of Atlanta film producer, Ryan Felton, who was recently indicted for orchestrating a cryptocurrency investment scheme, where he raised money from investors for a fraudulent ICO called Flik. Though T.I. is in no legal trouble for his role, he faces civil penalties for helping to promote the unregistered coin offerings. Documents obtained by XXL spell out the case against the Atlanta rapper, born...