Lindsay Lohan, Jake Paul and N...


Lindsay Lohan, Jake Paul and Ne-Yo Charged In Crypto Scheme

Jess Spencer
Jess Spencer

11:36 23 Mar 2023

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Most of them have agreed to pay massive fines.

Lindsay Lohan and Jake Paul are among the celebrities who have been charged for promoting cryptocurrencies.

The group are alleged to have not made it clear that they were receiving compensation for the promotion.

The eight charged are actress Lindsay Lohan, influencer Jake Paul, rappers and singers Soulja Boy, Ne-Yo, Lil Yachty, Akon, Austin Mahone and adult film star Kendra Lust (real name Michele Mason).


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A post shared by Lindsay Lohan (@lindsaylohan)

It's alleged that all eight were told to make it appear as if they personally wanted to recommend the crypto tokens, rather than letting their audience know it was an ad.

By not being transparent, each of the celebs broke disclosure requirements.

The complaint alleges that this move aimed to harm crypto investors.


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A post shared by Jake Paul (@jakepaul)

Six of the eight celebs have agreed to pay more than $400,000 in penalties. Soulja Boy and Austin Mahone have not yet reached a settlement.

The United States Securities and Exchange Commission (SEC) are responsible for pressing charges. They can issue civil penalties like fines and don't press criminal charges.

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Akon Austin Mahone Crypto Jake Paul Lil Yachty Lindsay Lohan Ne-yo Soulja Boy