BUSINESS

T.I. Agrees to Pay $75,000 Fine

It's always something with T.I., man.
ProfilePic.jpg
Stefon Walters
September 15, 2020
Rapper T.I.

Atlanta rapper T.I. has agreed to pay a $75,000 fine to the U.S. Securities and Exchange Commission (SEC) after promoting a fraud ass cryptocurrency back in 2017. Tip used his social media accounts to promote FLiK, which he referred to as the "Netflix of cryptocurrency," and claimed to be part-owner.


He got caught lackin' as the SEC was performing a bigger operation against film producer Ryan Felton, who raised money from investors to build out the FLiK cryptocurrency, but instead bought a $1.5 million crib, Ferrari, and enough diamonds to look like the 4th Migo.


Felton is facing 28 counts, so all things considered, T.I.'s settlement was the right choice. As part of the deal, T.I. can't sell or promote any cryptocurrencies for at least the next five years.


Be careful who you hop into business with, dawg.


FEATURED POSTS

5 Reasons to Get a New Credit Card

CREDIT CARDS

A Different Approach to Budgeting

BUDGETING

Dollar-Cost Averaging

INVESTING

Stock Splits: How They Work

INVESTING

How to Tell If a Stock Is Overvalued

INVESTING

How Credit Card Interest Works

CREDIT CARDS

RECENT NEWS
Sheldon Adelson
Sheldon Adelson Finally Kicks the Bucket
Twitter logo
Twitter Tightens Up Security for Candidates
WeChat logo
WeChat and TikTok Downloads Will Be Banned Sunday
Snowflake logo
Snowflake Sets an IPO Record
Sign on business that says it was closed due to the coronavirus
$300 Federal Unemployment Benefit Is Expiring