Kim Kardashian Has Charges $1.26 M Penalty to SEC

For all Kim Kardashian fans, this is surprising news. A million dollars have been levied against Kim Kardashian in the SEC Crypto case, according to an exclusive update. Kim Kardashian, a well-known online personality, has been charged by the SEC for improperly promoting Crypto currency on her Instagram account. The CEO of SKIM has been accused of lying about receiving payment for the promotions.

Kim Kardashian, a famous person, is being sued by the main financial regulator in the United States for promoting a cryptocurrency on her Instagram account without revealing that she received payment for the advertisement. Celebrity Kim Kardashian has been accused by the U.S. Securities and Exchange Commission of failing to disclose that she received payment for promoting a cryptocurrency on her Instagram account.

Kardashian, who has almost 330 million Instagram followers, received a $250,000 payment to promote EMAX tokens, a cryptocurrency issued by EthereumMax.

Kim Kardashian Agrees to Pay $1.26 Million to Settle SEC Crypto Charges

Regulators claim that her post also “advertised a planned IEO” and advised on how prospective investors may buy EMAX tokens. And those federal securities laws—which are meant to shield people from fraud—violate an “anti-touting provision.” The group contends that Kardashian broke securities laws when she neglected to reveal that she had received $250,000 for an Instagram post supporting cryptocurrencies, a type of digital currency created by computers, without specifying the kind of compensation or where it came from. 

Kim Kardashian

Securities and Exchange Commission :

The SKIMS CEO has agreed to settle the charges from the U.S. Securities and Exchange Commission (SEC) “for promoting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion,” following the shocking news of Kim Kardashian being charged with over a million dollars by SEC crypto.

The SEC demanded that CarMax pay a $1.26 million fine, forfeit some of its profits from those years, and further cooperate with the Commission’s investigation into whether other violations also took place during those same periods after accusing the company of breaking accounting regulations in its 2002–2004 earnings reports.

Kim Kardashian has agreed to resolve the allegations and pay $1.26 million to cover all penalties and disagreements in the case that the SEC announced on Monday, alleging that the well-known internet personality had violated the “anti-touting rule”.

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KIM’s Attorney Statement :

According to a statement made public by KIM’s attorney, Kardashian is eager to cooperate with the SEC and settle this issue. According to the statement, “Kardashian has cooperated completely with the SEC from the outset and she continues to be willing to do anything she can to support the SEC in this issue.”

The attorney continues, “She wanted to put this situation behind her to avoid a drawn-out conflict.” “The settlement she reached with the SEC permits her to do that so she may advance with her numerous business endeavors,”

“Kardashian’s case is a reminder that celebrities and influencers should use the media to educate their fans about the risk associated with investments—including cryptocurrency,” said SEC Chair Gary Gensler in a statement.

About Kim Kardashian’s Life :

Kim Kardashian was born on October 21, 1980, and will be 41 years old in 2022. She is raised in a stable family in Los Angeles, California, in the United States, where she was born. Kim completes her elementary education at Marymount High School in Los Angeles. There is no further information regarding her advanced studies.

Kim Kardashian is a member of a prosperous American family from Los Angeles, California. She is well-known to be an American national who practices Christianity.

Her mother is Kristen Mary Jenner, a well-known social media figure, producer, and businesswoman. Her father was Robert George Kardashian. George was a well-known professional lawyer who passed away in 2003 from cancer.

Kim Kardashian, whose real name is Kimberly Noel Kardashian, is a model, businesswoman, television personality, and socialite from the United States. Kim Kardashian’s net worth is $1.8 billion as of 2022. She gained her wealth via acting in television shows, starting her businesses, receiving endorsement deals, and making investments. 

The Millionaire influences us in Every aspect of pop culture. She is also a member of The Kardashian-Jenners, one of the most well-known families.

She became well-known as a result of the success of the Keeping Up With the Kardashians reality television series on E! The relationships in her family were the main subject of the show. It is also one of the most well-known and famous television programmes of all time.

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