The Game is facing a $12 million judgment for his role in an allegedly unregistered initial coin offering.
Los Angeles-based rapper The Game, also known as Jayceon Taylor, is facing a $12 million judgment for his role in Paragon Coin Inc — a crypto firm alleged to have engaged in an unregistered initial coin offering (ICO) four years ago. Taylor publicly endorsed the Paragon Coin ICO on social media back in 2017. Paragon touted its PRG tokens as a currency for the cannabis industry and raised $70 million from the public between April 15, 2017, and Oct. 15, 2017. Plaintiffs’ first filed a complaint against the offering in 2018, however, Tyler was initially let off the hook as the plaintiff’s initial complaint failed to clearly allege the firm had employed the rapper. However, in issuing a verdict on the amended complaint, United States Federal District Judge Jeffrey S. White noted that plaintiffs have now provided suffic
Źródło: https://cointelegraph.com/news/rapper-the-game-facing-12m-judgment-along-with-execs-in-ico-case
