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Friday, November 30, 2018 12:02:14 PM
San Francisco (CNN)Music producer DJ Khaled and boxer Floyd Mayweather Jr. were charged by the Securities and Exchange Commission Thursday with promoting investments in initial cryptocurrency coin offerings without revealing that they'd been paid.
Both Khaled and Mayweather settled with the SEC and agreed not to promote any securities, even digital ones, for two years and three years, respectively. They also agreed to give back the money they'd received to the SEC and pay penalties with interest.
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