Entertainment
Breaking: Kim Kardashian fined $1.26m for cryptocurrency advertisement
American reality TV star, Kim Kardashian, had been fined $1.26 million for sharing a cryptocurrency advert on her Instagram page, without disclosing the amount she was paid for the promotion.
The United States Security and Exchange Commission charged the SKIMS founder to court after she promoted a crypto asset, EthereumMax, on her social media platform, ABC reports.
Kim is one of several celebrities named in a class-action lawsuit filed last January in a California U.S. District Court on behalf of investors who claim they lost money after the celebrities promoted the cryptocurrency.
In the lawsuit, the disgruntled plaintiffs claimed they had invested money in the cryptocurrency after “viewing numerous celebrity endorsements of EMAX.”
According to the SEC, Kardashian failed to disclose that she was paid $250,000 to publish a post about EMAX tokens, a crypto asset security offered by EthereumMax.
While the case is still ongoing, Kardashian has agreed to settle to the tune of $1.26 million.
The commission stated in its Monday announcement that Kim’s settlement includes the payment she received for promoting the cryptocurrency as well as a $1 million fine.
In addition, the business mogul agreed to refrain from promoting any crypto asset securities for the next three years.
A statement shared by Kim’s lawyer to ABC News stated that the billionaire had chosen to settle in order to avoid “a protracted dispute”.
The release read in part, “Ms. Kardashian is pleased to have resolved this matter with the SEC. Kardashian fully cooperated with the SEC from the very beginning and she remains willing to do whatever she can to assist the SEC in this matter.
“She wanted to get this matter behind her to avoid a protracted dispute. The agreement she reached with the SEC allows her to do that so that she can move forward with her many different business pursuits.”
Zimbabwean Actor Jerome Galiao who played Dr Nyasha Mugari in “scandals” has been arrested for beating his wife.
H-Metro reported that the 38-year-old actor was taken into custody on Monday, March 27, at Linden Police Station in Randburg. His case is under reference number CAS 280/3/2023, and he is expected to make a court appearance today, March 28, on charges of domestic violence.
A source told the publication;
“Jerome is in police custody in Randburg. He was arrested last night for domestic violence. He is in the cells and will appear in court on Tuesday (today). You can contact SAPS for more information. This is not the first time he has bashed her.”
When Jerome’s wife, Nerissa Mema, was contacted, she declined to comment, insisting that she needs some privacy.
Nollywood actor, Bayegun Oluwatoyin aka Woli Arole, has mourned the death of his colleague, Ojo Arowosafe, aka Fadeyi Oloro.
The death of Fadeyi Oloro was announced on Tuesday evening.
Arole shared a throwback video of himself and the actor via his Instagram account saying, “So happy I reached out to you sir, so happy we played our part, so happy we laughed together, so happy we were able to show our support. Rest in Peace the Legend ‘Fadeyi Oloro’.
“Let’s check up on people when dey are alive, Let’s show love when people can feel. Let’s help when it can be seen.”
The details of Fadeyi’s death were still sketchy as of press time.
Born September 15, 1957, the veteran actor died at 66.
The Ekiti-born actor rose to prominence during the 80s and late 90s for his trademarked herbalist character.
In the spirit of Valentine, popular inspirational musician, Funmi Ayinke has released the official video for her viral song titled ‘Carry Me’.
The song which talks about ‘Love’ was released on the eve of valentine to enable lovers enjoy their season. It is also a song that preaches togetherness among lovers as against the slang in vogue that everyone will ‘chop’ breakfast (breakup or divorce).
The song is no doubt a go-to song whenever things are not going smoothly among lovers and whenever things are rosy too. No doubt, ‘Carry Me’ by Funmi Ayinke should be a national anthem for all lovers.
Apart from ‘Carry Me’, Funmi Ayinke has released several songs and albums that include Obinrin, The Journey, It’s our time, loosing it, I can make it, Omo Iya Teacher, Joro, to mention a few.
WATCH VIDEO OF CARRY ME BELOW
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