DJ Khaled and Mayweather Jr. charged with fraud over cryptocurrency hype
Famed boxer and promoter Floyd Mayweather Jr. and producer DJ Khaled have both been charged by the Securities and Exchange Commission (SEC) for fraud after they were found to have been promoting investment in cryptocurrencies that they were paid to promote. The men will have to pay back around $500,000 in earnings to the SEC, as well as pay penalties with interest on each charge. All cryptocurrencies are risky investments. As we have seen repeatedly over the past year,Bitcoin and its altcoins have risenand fallen multiple times and are currently at their lowest value in more than a year....