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

2 mins
Updated by Gerelyn Terzo
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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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David Hundeyin
David is a journalist, writer and broadcaster whose work has appeared on CNN, The Africa Report, The New Yorker Magazine and The Washington Post. His work as a satirist on 'The Other News,' Nigeria's answer to The Daily Show has featured in the New Yorker Magazine and in the Netflix documentary 'Larry Charles' Dangerous World of Comedy.' In 2018, he was nominated by the US State Department for the 2019 Edward Murrow program for journalists under the International Visitors Leadership...
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