SEC sues Justin Sun for his crypto schemes, along with Lindsay Lohan, Jake Paul, and Soulja Boy

Photo by Calvin Sit / Bloomberg via Getty Images

When we wrote about Tron founder Justin Sun and possible illegal activities within his cryptocurrency empire last year, the Securities and Exchange Commission (SEC) declined to comment. Said one employee who spoke to The Verge, “If he breaks so many laws at such a rapid pace, it’d be impossible for anyone to catch up to him.”

Today, the SEC announced civil charges against Sun and eight celebrities, including Lindsay Lohan, Jake Paul, and Soulja Boy.

In a complaint filed Wednesday, the SEC claims the crypto entrepreneur engaged in market manipulation and the unregistered offer and sale of securities by dealing with his crypto assets TRX and BTT. The celebrities who touted the coin are being charged with not disclosing that they were…

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