Kim Kardashian, Floyd Mayweather sued for roles in alleged ‘pump and dump’ crypto scam

Kim Kardashian, Floyd Mayweather sued for roles in alleged 'pump and dump' crypto scam

Celebrities including boxer Floyd Mayweather Jr., Kim Kardashian and former NBA All-Star Paul Pierce are being sued over their roles in an alleged “pump and dump” cryptocurrency scam.

According to the class action complaint from the Central District of California, the celebrities listed as well as the company EthereumMax are being accused of making misleading statements about digital tokens that the company offers.

“The Company’s executives, collaborating with several celebrity promotors, (a) made false or misleading statements to investors about EthereumMax through social media advertisements and other promotional activities and (b) disguised their control over EthereumMax and a significant percent of the EMAX Tokens that were available for public trading during the Relevant Period,” the complaint reads.

EthereumMax is a company that offers ERC-20 tokens on the ethereum ETHUSD, +0.25%  network, according to its website. The current price of an EthereumMax token as of…

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