By David Goldman | CNN
The Securities and Exchange Commission on Wednesday charged Lindsay Lohan, Jake Paul and several other celebrities with failing to disclose that they were paid to promote crypto.
The celebrities agreed to pay $400,000, including fines, and return what they were paid for the promotion.
Lohan was paid $10,000 to promote Tronix tokens offered by Justin Sun’s company Tron.
“Exploring #DeFi and already liking $JST, $SUN on $TRX. Super fast and 0 fee. Good job @justinsuntron,” Lohan tweeted on February 11, 2021. The SEC said Lohan failed to disclose that the tweet was a paid endorsement.
A spokesperson for Lohan said the celebrity “was contacted in