Atlanta Director and Producer Ryan Felton was indicted in $2 million #crypto investment scheme for ICOs for FLiK and CoinSpark.
He used most of investor’s money on personal purchases, like a $1.5 million home and a Ferrari.
Oh snap! 🚨🚨🚨
The SEC also filed charges today against Ryan Felton AND T.I. (rapper and actor Clifford Harris), T.I.’s social media manager William Sparks, Jr, Chance White and Owen Smith.
sec.gov/news/press-rel…
All but Felton agreed to SEC settlements.
According to the SEC, rapper T.I. sold the FLiK tokens on his social media and asked his followers to invest. So he screwed over his own fans.
His social media manager also promoted FLiK on TI’s accounts and White & Smith promoted SPARK tokens w/o telling people they were paid.
Here’s the SEC complaint:
sec.gov/litigation/com…
SEC order against T.I.
sec.gov/litigation/adm…
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