Lil Yachty, akon, no yo, And Soulja boy are among eight celebrities indicted by the Securities and Exchange Commission (SEC) on allegations of violating securities laws in promoting cryptocurrencies.

The list also includes Lindsay LohanAnd Jake-Paulas well as singers Austin Mahone and adult movie star Kendra Lustthe SEC in a press release Wednesday.

Eight celebs are being indicted by the SEC for allegedly violating laws while promoting crypto

The charges come amid a larger investigation into crypto entrepreneur Justin Sun along with three of his companies: Tron Foundation Limited, BitTorrent Foundation Ltd. and Rainberry Inc., which has marketed securities of crypto assets under the Tronix (TRX) and BitTorrent (BTT) brand names).

The eight celebrities are said to have “illegally promoted TRX and/or BTT without disclosing the fact that they were compensated for it and the amount they were compensated,” according to the SEC.

The SEC complaint alleges that Sun told the eight celebrities not to disclose their makeup to promote TRX and BTT on their social media platforms. SEC Chairman Gary Gensler said, “This case again demonstrates the high level of risk investors face when crypto-asset securities are offered and sold without proper disclosure.”

“As alleged, Sun and its companies not only targeted US investors with their unregistered bids and sales and raked in illicit proceeds of millions at the expense of investors, but also coordinated wash trading on an unregistered trading platform to to create a misleading appearance of active trading in TRX. Sun also prompted investors to buy TRX and BTT by orchestrating an ad campaign in which he and his celebrity promoters hid the fact that the celebrities were being paid for their tweets.”

As of Thursday (March 23), all of the indicted celebs, with the exception of Soulja Boy (aka DeAndre Cortez Way) and Malone, have reached settlements with the SEC seeking “more than $400,000 in disgorgement, interest and penalties to settle the charges.” include. without admitting or denying the SEC’s findings.” according to the agency.

“With the exception of Cortez Way and Mahone, the celebrities indicted today have agreed to pay a total of more than $400,000 in disgorgement, interest and penalties to settle the charges without admitting or denying the SEC’s findings.”

Sun manipulated the market via “wash trading” and pocketed $31 million in proceeds SEC states

Authorities allege Sun manipulated the market for these cryptocurrencies through what is known as “wash trading,” which the SEC defines as a process that “involves the simultaneous or near-simultaneous buying and selling of a security to make it appear actively traded.” to leave without actually changing Beneficial Possession.”

From April 2018 to February 2019, Sun “allegedly instructed his staff to execute more than 600,000 wash trades of TRX between two crypto-asset trading platform accounts under his control.”

He is also accused of earning $31 million in proceeds from illegal and unregistered sales of the token on the secondary market, the SEC reports.

“While we are neutral on the technologies at issue, we are far from neutral when it comes to investor protection,” said Gurbir S. Grewal, director of the SEC’s Enforcement Division. “

According to the SEC complaint, Sun and others mislead investors by first offering securities without complying with registration and disclosure requirements before manipulating the market for the securities in question.

Sun reportedly paid celebs — all of whom have massive followings on social media — to promote the unregistered crypto offerings, while also specifically telling them they would not disclose their compensation.

Oh hello, shark. Watch the new trailer of Big Shark, the first film directed by Tommy Wiseau since the cult classic The Room.

Shark films are a dime a dozen, especially with Schlock-Like Jersey Shore: Shark Attack, Sand Sharks, Ghost Sharks, and so much more. But what happens when Tommy Wiseau, the visionary director of The room, aiming for the ocean’s most fearsome predator? Tommy Wiseau posted one new trailer for Big Sharkthis is sort of the first film he’s directed since the release of The room twenty years ago.

The Big Shark The trailer cuts between shots of New Orleans with two boxers fighting in a gym while the lyrics read: “you can run You can hide. But that won’t save you. The world’s most vicious hunter has come to the bayou and wants only one thing…blood.The film stars Tommy Wiseau as Patrick, Isaiah LaBorde as Tim and Greg Sestero as Georgie, three firefighters tasked with saving New Orleans from a killer shark.

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The trailer proves that Tommy Wiseau’s Big Shark is a real movie

Accordingly diversity, Big Shark will premiere on April 2nd at the Cinema 21 in Portland, Oregon. More screenings will follow, with “a tentative schedule of engagements presented by the Prytania Theaters at Canal Place in New Orleans (April 28 and 29), the Balboa Theater in San Francisco, California (May 5 and 6), the Landmark Westwood in Los Angeles ( June 2nd and 3rd) and Angelika’s Village East in New York City (August 10th, 11th and 12th).“Tommy Wiseau is said to be planning to appear in person at these ‘pre-premier’ screenings, with the roadshow theatrical release running for eight months before finally the ‘official Final Cut version’ is released. The first teaser trailer for Big Shark was actually released four years ago, so this has been a long time coming.

As someone who has never dealt with the whole phenomenon around it The roomI doubt Big Shark is really for me. I can not imagine that Big Shark will awaken the same passion that drove forward The room cult star, but many Tommy Wiseau fans were excited to see him return to the director’s chair.

What do you think of the new trailer? Big Shark? will you watch

Little baby shows a rare addition to his car collection. The 28-year-old rapper recently announced that he has acquired a Maybach designed by the late designer Virgil Abloh.

Lil Baby showed off his Virgil Abloh Maybach on Instagram

The 28-year-old took to Instagram earlier this weekend to share a short video with his fans. In the video, a beige leather suitcase is opened. It reads: “VIRGIL ABLOH, 1 OF 150”.

Inside the trunk was a replica Maybach with a black top and peanut butter-colored bottom.

As the camera pans up, viewers are greeted with a real-life version of the Maybach parked in a driveway. The camera then pans around the car, giving viewers a full view.

Lil Baby later took to his Instagram Story to share a selfie of himself standing next to the Maybach.

Social media is reacting to the addition of Lil Baby to his car fleet

The official Mercedes Benz Instagram account in the United States responded with a brief comment on Lil Baby’s video. (Maybach is part of the Mercedes-Benz car family, acc car and driver.)

“Eye candy 🍬”

Fellow rapper G Herbo also shared his reaction to Lil Baby’s new wheelset.

“S**tttt🔥”

Pierre “P” Thomas, the CEO of Quality Control Music – the record label Lil Baby is signed to – also shared his reaction to the car.

Yes, yes, n***a, we’re in 😎

More details on the Maybach designed by the late Virgil Abloh

According to an April 2022 article published via car and driverThe 2023 Mercedes Maybach S680 is a Maybach sedan in “Limited Edition”. It was also the “last collaboration between Mercedes and the late Virgil Abloh.”

Virgil Abloh is known for his “expansive approach” to shaping and shifting the “traditional luxury industry” to “hypebeast culture,” as reported by The New York Times. Additionally, the outlet credits Abloh with redefining “the meaning of ‘fashion’ itself.”

As reported by car and driverAbloh worked with Mercedes Chief Design Officer Gorden Wagener on the project, and the car’s design was “completed before Abloh’s death.”

The Mercedes-Maybach S680 features a two-tone paint job, with the top of the car being obsidian black. As well as a “Tan Shade” on the bottom. In addition, the vehicle’s “monobloc wheels” feature the same tan hue.

The two-tone color scheme continues in the interior, even the “infotainment system” has the same design.

Mercedes-Maybach S680 by Virgil Abloh (2022) pic.twitter.com/qxzaVpkenn

— Outlander Magazine (@StreetFashion01) April 8, 2022

According to the April 2022 report, only 150 Mercedes-Maybach S680s were produced worldwide. The emblem on the trunk seen in Lil Baby’s video seems to confirm that he owns the first of the 150 models.

Aside from that, car and driver has since reported that the Mercedes-Maybach S680 is valued at around $250,000.