WASHINGTON (Reuters) – Grammy award-winning rapper Clifford Harris, known as T.I., agreed to pay a U.S. regulator $75,000 to settle charges that he broke securities laws by selling fraudulent crypto-currency investments, the agency said on Friday.
The Securities and Exchange Commission (SEC) said it had charged the Atlanta rapper and actor along with four associates, including film producer Ryan Felton who it says controlled the companies FLiK and CoinSpark that conducted the initial coin offerings.
T.I. neither admitted nor or denied the SEC’s findings. His manager did not immediately respond to a request for comment.
T.I., 39, is best known for 2008 hits “Whatever You Like,” “Live Your Life” and “Swagga Like Us,” and was featured on Robin Thicke’s No. 1 single “Blurred Lines” in 2013.
The SEC alleged that …
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