Rapper T.I. Busted by SEC, Agrees to Settlement in Cryptocurrency Scam.
The Securities and Exchange Commission (SEC) hit rapper T.I. (real name Clifford Harris Jr.), 39, and four other Atlanta-based men with civil charges in connection with the promotion of two “unregistered and fraudulent” initial coin offerings (ICOs).
T.I. offered and sold FLiK tokens on his social media accounts, falsely claiming to be a FLiK co-owner and encouraging his followers to invest in the FLiK ICO. T.I. also asked a celebrity friend to promote the FLiK ICO on social media and provided the language for posts, referring to FLiK as T.I.’s “new venture.”