Lindsay Lohan Was Fined By The SEC For Violating Disclosure Regulations For A Crypto Ad
What do worst Paul brother Jake Paul, Lil Yachty, Soulja Boy, Austin Mahone, Akon, Ne-Yo, and porn star Kendra Lust all have in common? Well, thanks to the genre-bending, quadruple threat and possible bearer of out next Lord and Savior, Lindsay Lohan, they are all just one degree of separation away from three-time Academy Award winner Meryl Streep. CNN reports that Lindsay and her ragtag gang of “business” “associates” have all been charged by the Securities and Exchange Commission with violating disclosure rules while promoting crypto tokens on social media. Nobody, and I mean nobody, can anchor a team of random miscreants like our Lady in the Red.
And to think Meryl didn’t include her in Mamma Mia! She probably would have let them film Money, Money, Money at her beach club in Mykonos. She even could have arranged for Tiffany Trump to make an appearance! What a missed opportunity. CNN says that six out of the eight celebrities (sans Soulja Boy and Austin Mahone) settled with the SEC and agreed to pay $400,000 total.
The Securities and Exchange Commission on Wednesday charged Lindsay Lohan, Jake Paul and several other celebrities with failing to disclose that they were paid to promote crypto.
The celebrities agreed to pay $400,000, including fines, and return what they were paid for the promotion.
Lohan was paid $10,000 to promote Tronix tokens offered by Justin Sun’s company Tron.
“Exploring #DeFi and already liking $JST, $SUN on $TRX. Super fast and 0 fee. Good job @justinsuntron,” Lohan tweeted on February 11, 2021. The SEC said Lohan failed to disclose that the tweet was a paid endorsement.
A spokesperson for Lohan said the celebrity “was contacted in March 2022 and was unaware of the disclosure requirement. She agreed to pay a fine to resolve the matter.”
That is so wild because Lindsay is usually so careful about who she gets into bed with, corporately speaking. She’s hardly the type to jump on a quick buck without knowing exactly what she’s putting out there. I heard that Lindsay had full script approval for her ad for Church of Famera MMXX. In fact, I’m pretty sure the fart noise was her idea. And in an effort to save the studio unnecessary expenses, she even produced the sound effect herself, using her own body as an instrument.
Her mind! A true visionary! One of a kind! And who can forget her culture-altering NFT offering of 2021, which somehow netted somebody $85,000.
But no matter who bought the NFT this was created for, the real winner is Lindsay’s future baby who will always have this sweet memory of their mother’s glory, captured as she was at the height of her accentuation in these, the first glorious days of The Lohannaisance. Sleep well, precious children. It won’t be long now. Mother is on her way.