Floyd Mayweather, Kim Kardashian Sued Over Crypto Promos
By Hailey Konnath (January 7, 2022, 9:57 PM EST) -- Boxer Floyd Mayweather, socialite Kim Kardashian and basketball player Paul Pierce made false and misleading statements while promoting the cryptocurrency EthereumMax, an investor claimed Friday, hitting the celebrities and the cryptocurrency company's executives with a proposed class action in California federal court.
New Yorker Ryan Huegerich said in his suit that EthereumMax's executives collaborated with the celebrity promoters to misleadingly promote and sell EMAX tokens to unsuspecting investors in what essentially amounted to a "pump-and-dump" scheme. According to the complaint, EthereumMax co-founders Steve Gentile and Giovanni Perone disguised their control over the company and a significant percent of the EMAX tokens...
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