Rapper T.I. settles with SEC over fraudulent initial coin offerings

ATLANTA — Rapper T.I. has settled charges with the Securities and Exchange Commission related to his promotion of one of two unregistered and fraudulent initial coin offerings.T.I. is required to pay a $75,000 civil monetary penalty and “not participate in offerings or sales of digital-asset securities for at least five years,” according to the SEC release.The SEC said it found T.I. promoted film producer Ryan Felton’s company FLiK, according to the news release.The rapper, whose real name is Clifford Harris, was among five individuals who promoted one of Felton’s companies. Felton’s other com…

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