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T.I. Settles Charges With SEC Over Fraudulent Cryptocurrency

Rapper, actor, producer, club owner, investor. T.I. has long been a proponent of diversifying his streams of income and is known as a keen entrepreneur that is always quick to impart financial wisdom and advice on his followers.

However, it’s that same eagerness that recently landed the Atlanta rapper in trouble with the Securities and Exchange Commission. He was charged by the SEC as part of Atlanta-based movie producer Ryan Felton’s fraud scheme. The charges allege that Felton “misappropriated funds” and “engaged in manipulative trading” to inflate the price of the Spark tokens he was offering. 

Felton first recruited Tip to promote FLiK, who then “falsely claim[ed] to be a FliK co-owner and encourag[ed] his followers to invest in the FLiK ICO,” according to an SEC press release

An ICO, or initial coin offering, refers to an Internet-based method of crowdfunding for new cryptocurrencies. 

Lars Niki/Getty Images for BET

Tip, along with his social media manager, William Sparks, were charged with promoting fraudulent ICOs that were not registered with the SEC. The two have since settled their civil charges with the SEC, paying a $75,000 fine and agreeing to refrain from marketing or selling securities for a minimum of five years.

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In a statement given to HipHopDX, a representative for T.I. asserted that the rapper “regrets his involvement with Mr. Felton.” The SEC’s claim alleges that Felton used the misappropriated funds he embezzled and “the proceeds of his manipulative trading to buy a Ferrari, a million-dollar home, diamond jewelry, and other luxury goods.”

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Laura Govan Pleads For Support After Son’s Terrifying Car Crash

Honk Magazine

An ordinary day for former NBA player Gilbert Arenas and reality star Laura Govan took a sudden turn. Their 18-year-old son, Alijah Arenas, a blossoming five-star basketball prospect, was in a car crash in Los Angeles, and fans, friends, and loved ones were left in disbelief. Alijah reportedly crashed his Tesla Cybertruck into a tree and fire hydrant, causing a fire. The Los Angeles Police Department later confirmed that Alijah is in stable condition now, but things were bad enough that he was put into a medically induced coma for smoke inhalation.

Fortunately, he sustained no broken bones. Basketball community members, fans, and family friends have taken to social media in droves to share their love for the gifted teen that many believe is a future star on the court. As news of the accident circulated, Alijah’s mother, Laura Govan, finally broke her silence on Instagram with a raw and emotional post that said it all, “I NEED ALL YOURE F**EN PRAYERS.” It’s a mom’s plea and a testament to how much this whole episode has rattled those who were closest to Alijah. This is about a young life, a family’s heart, and the fragility of moments we all take for granted.

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While it remains to be seen what happens, this young man is a battler. But with no broken bones and his condition said to be stable, there is room for hope. And at this moment, hope and prayers are what the Arenas-Govan family seeks. And as fans continue to rally behind them, moments like these remind us that behind the fame, behind the highlight reels and headlines, these are people living out real lives and real fears. Today, it has nothing to do with basketball rankings or fame. It involves a son, a mother, a family and a community who unite in faith.

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Sky Bri Shuts Down Rumors Linking Her To Shannon Sharpe Lawsuit

Honk Magazine

Adult content creator Sky Bri is speaking out to clarify her position in Shannon Sharpe’s $50 million lawsuit. NFL Hall of Famer and Club Shay Shay host Shannon Sharpe is currently facing a $50 million lawsuit from an anonymous former girlfriend, leading to widespread speculation on social media. However, Sky wants everyone to know that she is not involved in any way. The controversy started when an old clip of Sharpe making inappropriate comments about Bri resurfaced online. As people rushed to make connections, Sky quickly set the record straight with a strong statement, “I have nothing to do with this.”

Despite the rumors being unfounded, this situation highlights how easily misinformation can spread, especially when it involves celebrities and viral content. While Sharpe’s legal team has named the person making accusations, even though many media outlets are choosing not to reveal this for privacy, that hasn’t stopped internet users from dragging other names into the mess. Sky’s name came up mainly because of the past comments made by Sharpe, which were clearly meant as jokes. Unfortunately, these jokes have been twisted into something much more serious. Sky finds it frustrating that women, especially those in the adult entertainment industry, often get pulled into scandals simply because of previous interactions.

Also check this article out: Cam’ron Dishes Real Talk & Street Smarts On Shannon Sharpe Lawsuit Drama

Shannon Sharpe has strongly denied the allegations against him. His lawyer, Lanny J. Davis, stated, “Mr. Sharpe categorically denies all allegations of coercion or misconduct. He stands firmly by the truth and is prepared to fight these false claims vigorously in court.” As this legal drama unfolds, Sky Bri clarifies that she is not part of this story. She is not the anonymous ex-girlfriend, she is not involved in the lawsuit, and she is certainly not a fan of the rumors flying around. Sometimes, it’s important to remind people that old clips and jokes aren’t proof of anything, and assumptions shouldn’t be taken as facts.

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