Floyd Mayweather and DJ Khaled fined over cryptocurrency promotion
Boxer and music producer to pay combined $767,500, says SEC after accusing celebrities of failing to disclose payments
The boxer Floyd Mayweather and the music producer DJ Khaled have been fined for unlawfully touting cryptocurrencies.
The two have agreed to pay a combined $767,500 in fines and penalties, the Securities and Exchange Commission (SEC) said in a statement on Thursday. They neither admitted nor denied the regulator’s charges.