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USA Today Sports Media Group
USA Today Sports Media Group
Sport
Cameron Tabatabaie

SEC charges former Celtic Paul Pierce with fraudulent promotion of cryptocurrency

Paul Pierce SEC Crypto Cryptocurrency Gary Gensler EMAX

The United States Securities and Exchange Commission has reportedly charged former Boston Celtic Paul Pierce with making false and misleading statements in promoting the cryptocurrency EthereumMax. Pierce was sued back in May for his involvement and promotion of the “crypto” product.

The SEC found Pierce violated the anti-touting and antifraud rules under current federal securities laws. Pierce promoted EthereumMax on social media without disclosing payments totally more than $244,000 for said promotions.

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