Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone recently filed a motion to a California federal judge, urging for the dismissal of their renewed EMAX lawsuit. The lawsuit was brought by investors who lost money due to their involvement with EthereumMax (EMAX) and alleged that the celebrities promoted the asset to inflate its price. However, the magistrates had dropped a similar indictment against the defendants in December last year citing that it could not be guaranteed whether the investors who sued actually saw the promotions on the social platforms.
The motion reads, “The Court previously found this theory implausible because the tokens have no worth outside of what the market is willing to pay for them in real-time. The Court otherwise dismissed the prior complaint in full due to fundamental flaws. The addition of new claims, defendants, and over 100 pages of largely irrelevant allegations does not cure the defects.”
Kim Kardashian, who has more than 345 million followers on Instagram, supposedly received $250,000 to advertise EMAX on her profile. She agreed to pay $1.26 million in October 2022 to settle the charges.
Recently, the US SEC accused the NBA Hall of Famer Paul Pierce of illegally promoting the EMAX token on his social media profiles after receiving a $244,000 payment from EthereumMax. The basketball icon agreed to pay a penalty of over $1.1 million and $240,000 in disgorgement and prejudgment interest without pleading guilty. According to the ruling, he is banned from advertising any crypto asset securities in the next three years.
Speaking on the lawsuit was Gary Gensler – Chairman of the Commission, “This case is yet another reminder to celebrities: The law requires you to disclose to the public from whom and how much you are getting paid to promote investment in securities, and you can’t lie to investors when you tout a security.”
The celebrities popularized EthereumMax (EMAX) on social media to boost its valuation and later sold it for profit. This led to investors losing money and filing a lawsuit against the famous people last year. Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone requested the California Central District Court to drop the amended charges.
The US SEC recently accused Paul Pierce of illegally promoting the EMAX token on his social media profiles after receiving a $244,000 payment from EthereumMax. The basketball icon agreed to pay a penalty of over $1.1 million and $240,000 in disgorgement and prejudgment interest without pleading guilty. According to the ruling, he is banned from advertising any crypto asset securities in the next three years.
The SEC claimed that Pierce posted screenshots of a fake account displaying profits from investing in EMAX. “His own personal holdings were, in fact, much lower than those in the screenshot,” the SEC outlined.
Kim Kardashian, who has more than 345 million followers on Instagram, supposedly received $250,000 to advertise EMAX on her profile. She agreed to pay $1.26 million in October 2022 to settle the charges.
The defendants claimed the new case does not differ from the one a federal judge dismissed at the end of 2022. Back then, the magistrates said it could not be guaranteed whether the investors who sued actually saw the promotions on the social platforms. The celebrities popularized EthereumMax (EMAX) on social media to boost its valuation and later sold it for profit. This led to investors losing money and filing a lawsuit against the famous people last year.
The motion filed by Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone urged the California Central District Court to drop the amended charges, alleging that the celebrities promoted EthereumMax (EMAX) to inflate its price. The magistrates had dropped a similar indictment against the defendants in December last year citing that it could not be guaranteed whether the investors who sued actually saw the promotions on the social platforms.
The motion reads, “The Court previously found this theory implausible because the tokens have no worth outside of what the market is willing to pay for them in real-time. The Court otherwise dismissed the prior complaint in full due to fundamental flaws. The addition of new claims, defendants, and over 100 pages of largely irrelevant allegations does not cure the defects.”
The celebrities popularizing EthereumMax (EMAX) on social media to boost its valuation and later selling it for profit has caused a lot of investors to lose money. This led to investors filing a lawsuit against the famous people last year. The defendants claimed the new case does not differ from the one a federal judge dismissed at the end of 2022.
The US SEC recently accused Paul Pierce of illegally promoting the EMAX token on his social media profiles after receiving a $244,000 payment from EthereumMax. The basketball icon agreed to pay a penalty of over $1.1 million and $240,000 in disgorgement and prejudgment interest without pleading guilty. According to the ruling, he is banned from advertising any crypto asset securities in the next three years.
The SEC claimed that Pierce posted screenshots of a fake account displaying profits from investing in EMAX. “His own personal holdings were, in fact, much lower than those in the screenshot,” the SEC outlined. Speaking on the lawsuit was Gary Gensler – Chairman of the Commission, “This case is yet another reminder to celebrities: The law requires you to disclose to the public from whom and how much you are getting paid to promote investment in securities, and you can’t lie to investors when you tout a security.”
Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone requested the California Central District Court to drop the amended charges, alleging that the celebrities promoted EthereumMax (EMAX) to inflate its price. The magistrates had dropped a similar indictment against the defendants in December last year citing that it could not be guaranteed whether the investors who sued actually saw the promotions on the social platforms.
The celebrities popularizing EthereumMax (EMAX) on social media to boost its valuation and later selling it for profit has caused a lot of investors to lose money. The motion filed by Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone urged the California Central District Court to drop the amended charges, alleging that the celebrities promoted EthereumMax (EMAX) to inflate its price.
The motion reads, “The Court previously found this theory implausible because the tokens have no worth outside of what the market is willing to pay for them in real-time. The Court otherwise dismissed the prior complaint in full due to fundamental flaws. The addition of new claims, defendants, and over 100 pages of largely irrelevant allegations does not cure the defects.”
The celebrities popularizing EthereumMax (EMAX) on social media to boost its valuation and later selling it for profit has caused a lot of investors to lose money. The US SEC has accused Paul Pierce of illegally promoting the EMAX token on his social media profiles after receiving a $244,000 payment from EthereumMax. The basketball icon agreed to pay a penalty of over $1.1 million and $240,000 in disgorgement and prejudgment interest without pleading guilty. According to the ruling, he is banned from advertising any crypto asset securities in the next three years.
Kim Kardashian, who has more than 345 million followers on Instagram, supposedly received $250,000 to advertise EMAX on her profile. She agreed to pay $1.26 million in October 2022 to settle the charges. The motion filed by Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone urged the California Central District Court to drop the amended charges, alleging that the celebrities promoted EthereumMax (EMAX) to inflate its price.
The US SEC has accused Paul Pierce of illegally promoting the EMAX token on his social media profiles after receiving a $244,000 payment from EthereumMax. The SEC claimed that Pierce posted screenshots of a fake account displaying profits from investing in EMAX. “His own personal holdings were, in fact, much lower than those in the screenshot,” the SEC outlined.
The reality TV star – Kim Kardashian, the boxing legend – Floyd Mayweather, and other celebrities filed a motion to a California federal judge, asking their renewed EMAX lawsuit to be removed. The magistrates dropped a similar indictment against the defendants in December last year. The motion filed by Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone urged the California Central District Court to drop the amended charges, alleging that the celebrities promoted EthereumMax (EMAX) to inflate its price.
The US SEC recently accused Paul Pierce of illegally promoting the EMAX token on his social media profiles after receiving a $244,000 payment from EthereumMax. The basketball icon agreed to pay a penalty of over $1.1 million and $240,000 in disgorgement and prejudgment interest without pleading guilty. According to the ruling, he is banned from advertising any crypto asset securities in the next three years.
Speaking on the lawsuit was Gary Gensler – Chairman of the Commission, “This case is yet another reminder to celebrities: The law requires you to disclose to the public from whom and how much you are getting paid to promote investment in securities, and you can’t lie to investors when you tout a security.”
The celebrities popularizing EthereumMax (EMAX) on social media to boost its valuation and later selling it for profit has caused a lot of investors to lose money. This led to investors filing a lawsuit against the famous people last year. The motion filed by Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone urged the California Central District Court to drop the amended charges, alleging that the celebrities promoted EthereumMax (EMAX) to inflate its price.
The magistrates had dropped a similar indictment against the defendants in December last year citing that it could not be guaranteed whether the investors who sued actually saw the promotions on the social platforms. The defendants claimed the new case does not differ from the one a federal judge dismissed at the end of 2022.
The motion reads, “The Court previously found this theory implausible because the tokens have no worth outside of what the market is willing to pay for them in real-time. The Court otherwise dismissed the prior complaint in full due to fundamental flaws. The addition of new claims, defendants, and over 100 pages of largely irrelevant allegations does not cure the defects.”
Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone requested the California Central District Court to drop the amended charges. The celebrities popularizing EthereumMax (EMAX) on social media to boost its valuation and later selling it for profit has caused a lot of investors to lose money. The US SEC has accused Paul Pierce of illegally promoting the EMAX token on his social media profiles after receiving a $244,000 payment from EthereumMax.
The motion filed by Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone urged the California Central District Court to drop the amended charges, alleging that the celebrities promoted EthereumMax (EMAX) to inflate its price. The magistrates had dropped a similar indictment against the defendants in December last year citing that it could not be guaranteed whether the investors who sued actually saw the promotions on the social platforms.
The US SEC recently accused Paul Pierce of illegally promoting the EMAX token on his social media profiles after receiving a $244,000 payment from EthereumMax. The SEC claimed that Pierce posted screenshots of a fake account displaying profits from investing in EMAX. “His own personal holdings were, in fact, much lower than those in the screenshot,” the SEC outlined.
The celebrities popularizing EthereumMax (EMAX) on social media to boost its valuation and later selling it for profit has caused a lot of investors to lose money. This has led to investors filing a lawsuit against the famous people last year. The defendants claimed the new case does not differ from the one a federal judge dismissed at the end of 2022. Kim Kardashian, who has more than 345 million followers on Instagram, supposedly received $250,000 to advertise EMAX on her profile. She agreed to pay $1.26 million in October 2022 to settle the charges.
The motion filed by Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone urged the California Central District Court to drop the amended charges, alleging that the celebrities promoted EthereumMax (EMAX) to inflate its price. The magistrates had dropped a similar indictment against the defendants in December last year citing that it could not be guaranteed whether the investors who sued actually saw the promotions on the social platforms.
The celebrities popularizing EthereumMax (EMAX) on social media to boost its valuation and later selling it for profit has caused a lot of investors to lose money. The motion filed by Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone urged the California Central District Court to drop the amended charges, alleging that the celebrities promoted EthereumMax (EMAX) to inflate its price.
The US SEC has accused Paul Pierce of illegally promoting the EMAX token on his social media profiles after receiving a $244,000 payment from EthereumMax. The SEC claimed that Pierce posted screenshots of a fake account displaying profits from investing in EMAX. “His own personal holdings were, in fact, much lower than those in the screenshot,” the SEC outlined.
Speaking on the lawsuit was Gary Gensler – Chairman of the Commission, “This case is yet another reminder to celebrities: The law requires you to disclose to the public from whom and how much you are getting paid to promote investment in securities, and you can’t lie to investors when you tout a security.”
The celebrities popularizing EthereumMax (EMAX) on social media to boost its valuation and later selling it for profit has caused a lot of investors to lose money. This has led to investors filing a lawsuit against the famous people last year. The motion filed by Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone urged the California Central District Court to drop the amended charges, alleging that the celebrities promoted EthereumMax (EMAX) to inflate its price.
The magistrates had dropped a similar indictment against the defendants in December last year citing that it could not be guaranteed whether the investors who sued actually saw the promotions on the social platforms. The defendants claimed the new case does not differ from the one a federal judge dismissed at the end of 2022.
The celebrities popularizing EthereumMax (EMAX) on social media to boost its valuation and later selling it for profit has caused a lot of investors to lose money. The US SEC has accused Paul Pierce of illegally promoting the EMAX token on his social media profiles after receiving a $244,000 payment from EthereumMax. The basketball icon agreed to pay a penalty of over $1.1 million and $240,000 in disgorgement and prejudgment interest without pleading guilty. According to the ruling, he is banned from advertising any crypto asset securities in the next three years.
The
