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Alla Zakarian

30-11-2018 | 17:56 Boxing
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Floyd Mayweather to pay $614,000 for ICO promotion

Floyd Mayweather and music producer DJ Khaled charged by The US Securities and Exchange Commission for promoting initial coin offering in social media without disclosing the fact that they were paid for that. "Starts in a few hours. Get yours before they sell out, I got mine,"  Mayweather wrote in his Twitter; Khaled called the project a game-changer. Mayweather got $100,000, while Khaled received $50,000 payment from Centra Tech Inc. for pumping the token sales.  He is also accused of failing to disclose $200,000 for promoting other ICO projects on Twitter and Instagram. They jointly will pay out nearly $800,000.

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