News
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.
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.”
Artist Spotlight
Lil Wayne & LeBron James Deliver Laughs in Hilarious Beats Pill Commercial

Beats by Dre is back in the spotlight with the return of its popular portable speaker, the Beats Pill, and they’ve enlisted fan favorites Lil Wayne and LeBron James to help make the announcement memorable. The updated Pill will hit stores on June 27, and it’s designed to be cooler, sound better, and, surprisingly, it’s more affordable than before. What better way to bring back a classic than with two superstars? The new commercial, The Predicament, is a funny take on a relatable moment in music. In the ad, LeBron confidently tries to recite a line from Lil Wayne’s hit song, A Milli, and he gets it right!
While this may seem simple, it’s a humorous twist in a world where people often mishear song lyrics. Watching LeBron take on a lighthearted role alongside Lil Wayne, who carries his signature coolness, makes for an entertaining combo. Their playful chemistry shows that music and sports can be fun, not just serious competitions. Lil Wayne’s charm adds a special touch, giving the commercial a vibe that feels more like a fun moment in pop culture rather than just another advertisement. Beyond the laughs, the ad also highlights the Beats Pill’s important place in music history.
For longtime fans, this comeback brings back good memories, while newcomers can learn why the Pill has been so popular. At a price of $149.99, $50 less than before, Beats by Dre is making sure this great speaker is accessible without sacrificing quality. By teaming up with two well-known figures who excel in different fields but have a huge influence, Beats is making a smart move. Lil Wayne’s strong connection to hip-hop and LeBron’s global recognition create the perfect mix to relaunch the Beats Pill. Plus, the humor in the ad keeps things fresh and relevant, showing that Beats knows its audience.
Artist Spotlight
Don Lemon Takes Elon Musk To Court Over Alleged Unpaid Twitter Deal

In a surprising turn of events that sounds like something from a gripping drama, journalist Don Lemon is taking billionaire Elon Musk to court. What began as a promising partnership between them has now turned into a legal battle. Lemon claims that Musk didn’t keep his word on a multimillion-dollar agreement for creating content on Twitter. Lemon filed a lawsuit on August 1, saying that Musk promised to pay him $1.5 million a year for his work on Twitter. The former CNN anchor was expected to play a major role in Musk’s plans to transform the platform, but their collaboration fell apart quickly after a tense interview.
Shortly after, Musk canceled Lemon’s show after just one episode. Now, Lemon is looking for justice for what he believes is a broken promise. In his lawsuit, Lemon argues that Musk, eager to attract advertisers and boost Twitter’s falling revenue, assured him he would be compensated, including a share of the advertising income from his content. However, since there’s no written contract to support these claims, the case might come down to whether verbal agreements hold up in court and how strong Lemon’s evidence is. Still, he’s determined to make Musk accountable, seeing this as a breach of trust.
Musk hasn’t publicly commented on the lawsuit yet, but given his history of legal disputes, it’s clear he won’t back down easily. Known for his outspoken nature, this case could turn into a lengthy public drama. This situation also raises important questions about how business works in today’s social media landscape. As platforms like Twitter become major players in media, the lines between traditional journalism, independent content, and corporate influence are becoming less clear. This case might set an important example of how such partnerships should be formed and honored. All eyes are on the courtroom now as Lemon and Musk’s modern-day conflict unfolds.
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