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Boston Herald
Boston Herald
Sport
Joe Dwinell

Bank shot: Paul Pierce must pay SEC $1.4M in crypto case

BOSTON — File this under “The Truth” hurts.

Former Celtics great Paul Pierce (nicknamed “The Truth” for his sharpshooting in clutch moments) is being ordered to pay a $1.4 million penalty to the SEC. That includes a $1.115 million fine and around $240,000 in “disgorgement and prejudgment interest,” the Securities and Exchange Commission announced Friday.

The NBA Hall of Famer must dig deep over allegations he unlawfully touted crypto securities while the SEC says he failed to reveal he was also being paid for tweeting his support.

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