{"id":15606,"date":"2023-03-27T15:22:35","date_gmt":"2023-03-27T15:22:35","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=15606"},"modified":"2023-03-27T15:22:35","modified_gmt":"2023-03-27T15:22:35","slug":"sec-presses-charges-against-justin-sun-his-companies","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/","title":{"rendered":"SEC Presses Charges Against Justin Sun & His Companies"},"content":{"rendered":"

On March 22, The Securities and Exchange Commission (SEC) pressed charges against the cryptocurrency entrepreneur Justin Sun and his companies. The companies mentioned in the document are Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (previously known as BitTorrent) for selling unregistered crypto asset securities Tronix (TRX), and BitTorrent (BTT). He has been charged with market manipulation through extensive wash trading, and encouraging celebrities to promote TRX and BTT without disclosing the amount.\u00a0<\/span>
\n\"\"<\/a>
\nAside from him, SEC has charged these celebrities for promoting TRX without disclosing paid promotion details, Lindsay Lohan, Jake Paul, DeAndre Cortez Way (Soulja Boy), Austin Mahone, Michele Mason (Kendra Lust), Miles Parks McCollum (Lil Yachty), Shaffer Smith (Ne-Yo), and Aliaune Thiam (Akon). According to the complaint, Sun and his companies have violated Section 5 of the Securities Act. The SEC has alleged that Sun and his employees actively engaged in 600,000 wash trades of TRX and illegally generated $31 million. It shows that investors can be at high risk of being duped if they don\u2019t seek out proper disclosure, as per SEC chair Gary Gensler. The organization is quite strict about investor protection, according to Gurbir S Grewal, Director of the SEC\u2019s Division of Enforcement.\u00a0<\/span><\/p>\n

The case was filed in the US District Court for the Southern District of New York. All the celebrities agreed to pay $400,000 to settle the charges, except Cortez Way and Mahone.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

On March 22, The Securities and Exchange Commission (SEC) pressed charges against the cryptocurrency entrepreneur Justin Sun and his companies. The companies mentioned in the document are Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (previously known as BitTorrent) for selling unregistered crypto asset securities Tronix (TRX), and BitTorrent (BTT). He has been charged …<\/p>\n","protected":false},"author":1,"featured_media":15607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[15],"tags":[246,139,140,136,1262,198,1261,613,509],"aioseo_notices":[],"yoast_head":"\nSEC Presses Charges Against Justin Sun & His Companies<\/title>\n<meta name=\"description\" content=\"On March 22, SEC pressed charges against the cryptocurrency entrepreneur Justin Sun and his companies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC Presses Charges Against Justin Sun & His Companies\" \/>\n<meta property=\"og:description\" content=\"On March 22, SEC pressed charges against the cryptocurrency entrepreneur Justin Sun and his companies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"AtoZcrypto\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-27T15:22:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/atozcrypto.org\/wp-content\/uploads\/2023\/03\/Untitled-design-3-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2240\" \/>\n\t<meta property=\"og:image:height\" content=\"1260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"AtoZcrypto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"AtoZcrypto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/\",\"url\":\"https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/\",\"name\":\"SEC Presses Charges Against Justin Sun & His Companies\",\"isPartOf\":{\"@id\":\"https:\/\/atozcrypto.org\/#website\"},\"datePublished\":\"2023-03-27T15:22:35+00:00\",\"dateModified\":\"2023-03-27T15:22:35+00:00\",\"author\":{\"@id\":\"https:\/\/atozcrypto.org\/#\/schema\/person\/4385199dcdeec6bd69b0fb4158673b0b\"},\"description\":\"On March 22, SEC pressed charges against the cryptocurrency entrepreneur Justin Sun and his companies.\",\"breadcrumb\":{\"@id\":\"https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/atozcrypto.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SEC Presses Charges Against Justin Sun & His Companies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/atozcrypto.org\/#website\",\"url\":\"https:\/\/atozcrypto.org\/\",\"name\":\"AtoZcrypto\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/atozcrypto.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/atozcrypto.org\/#\/schema\/person\/4385199dcdeec6bd69b0fb4158673b0b\",\"name\":\"AtoZcrypto\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/atozcrypto.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e2c8254f59dd013c234edbb46471dfe8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e2c8254f59dd013c234edbb46471dfe8?s=96&d=mm&r=g\",\"caption\":\"AtoZcrypto\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Presses Charges Against Justin Sun & His Companies","description":"On March 22, SEC pressed charges against the cryptocurrency entrepreneur Justin Sun and his companies.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/","og_locale":"en_US","og_type":"article","og_title":"SEC Presses Charges Against Justin Sun & His Companies","og_description":"On March 22, SEC pressed charges against the cryptocurrency entrepreneur Justin Sun and his companies.","og_url":"https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/","og_site_name":"AtoZcrypto","article_published_time":"2023-03-27T15:22:35+00:00","og_image":[{"width":2240,"height":1260,"url":"https:\/\/atozcrypto.org\/wp-content\/uploads\/2023\/03\/Untitled-design-3-1.jpg","type":"image\/jpeg"}],"author":"AtoZcrypto","twitter_card":"summary_large_image","twitter_misc":{"Written by":"AtoZcrypto","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/","url":"https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/","name":"SEC Presses Charges Against Justin Sun & His Companies","isPartOf":{"@id":"https:\/\/atozcrypto.org\/#website"},"datePublished":"2023-03-27T15:22:35+00:00","dateModified":"2023-03-27T15:22:35+00:00","author":{"@id":"https:\/\/atozcrypto.org\/#\/schema\/person\/4385199dcdeec6bd69b0fb4158673b0b"},"description":"On March 22, SEC pressed charges against the cryptocurrency entrepreneur Justin Sun and his companies.","breadcrumb":{"@id":"https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/atozcrypto.org\/sec-presses-charges-against-justin-sun-his-companies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/atozcrypto.org\/"},{"@type":"ListItem","position":2,"name":"SEC Presses Charges Against Justin Sun & His Companies"}]},{"@type":"WebSite","@id":"https:\/\/atozcrypto.org\/#website","url":"https:\/\/atozcrypto.org\/","name":"AtoZcrypto","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/atozcrypto.org\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/atozcrypto.org\/#\/schema\/person\/4385199dcdeec6bd69b0fb4158673b0b","name":"AtoZcrypto","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/atozcrypto.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e2c8254f59dd013c234edbb46471dfe8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e2c8254f59dd013c234edbb46471dfe8?s=96&d=mm&r=g","caption":"AtoZcrypto"}}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/posts\/15606"}],"collection":[{"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/comments?post=15606"}],"version-history":[{"count":1,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/posts\/15606\/revisions"}],"predecessor-version":[{"id":15608,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/posts\/15606\/revisions\/15608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/media\/15607"}],"wp:attachment":[{"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/media?parent=15606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/categories?post=15606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/tags?post=15606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}