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Rapper T.I. Reaches $75K Settlement With SEC for Role in Alleged ICO Scam

2 mins
12 September 2020, 22:00 GMT+0000
Updated by Gerelyn Terzo
13 September 2020, 11:57 GMT+0000
In Brief
  • T.I., whose official name is Clifford Harris Jr., has settled with the US SEC for his alleged role in FLiK, a 2017 ICO.
  • The rapper allegedly leveraged his public image to market FLiK to his substantial social media audience, passing himself off as a co-owner.
  • He agreed to pay a $75,000 civil penalty.
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