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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. 

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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. 

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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.”

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Lil Baby Set the Stage For A “Totally Different” Vibe Amid New Music Teases

Lil Baby

Fans are buzzing with excitement after Lil Baby hinted on social media that a “totally different” chapter in his career is on the way. The Atlanta rapper is gearing up to make a significant impact in the hip-hop world with a new album and a fresh perspective. This week, he shared a heartfelt message on Instagram, opening up about some tough times he faced over the past two years. He wrote, “Ain’t It Cra*y How They Tryna Play Me Like I Ain’t The One!!! It’s That Time! I Would Say Again, But This Run Will Be Totally Different!!” His words showed his confidence and suggested he was ready to bring something new to his music.

Lil Baby has already given fans a taste of this new direction with his latest single, “5AM.” But what’s really getting people excited is his collaborations with other big names like Travis Scott, Future, and especially Young Thug, who has just been released from jail. Their teamwork is especially noteworthy since Young Thug has hinted at working on something with Lil Baby, leading fans to think a new song might drop soon.

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However, there’s some drama surrounding these developments. New rumors suggest there might be tension between Young Thug and Gunna, which could involve Lil Baby, especially concerning some ongoing controversies. After Young Thug made a brief and cryptic post on social media, fans are curious to see if Lil Baby’s new path will also involve taking sides.

Regardless of the drama, Lil Baby shows determination as he builds excitement for a deeply personal project. He’s already previewed some new songs during his concerts, making it clear that he’s ready to make his mark in the industry again. Whether this comeback is a gradual buildup or a sudden splash, one thing is sure: Lil Baby is prepared to shake things up. With a fresh outlook and a lineup of powerhouse collaborators, his return is shaping up to be a pivotal moment in his career.

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Attorney Tony Buzbee Pushes Legal Crusade Against Celebrities Linked to Diddy’s Alleged Parties

Diddy

The legal situation surrounding Diddy is heating up as prominent lawyer Tony Buzbee expands his efforts beyond just the music mogul himself. Buzbee is known for representing more than 120 people who have accused Sean “Diddy” Combs of misconduct. Now, he is also looking at other celebrities who may have been at Diddy’s infamous parties, where allegations of bad behavior occurred. Buzbee is sending a strong message to those who ignored what was happening: they need to either pay up or may face lawsuits that could seriously harm their reputations.

In a recent appearance on TMZ’s documentary titled The Downfall Of Diddy: Inside The Freak-Offs, Buzbee talked about the responsibility of celebrities who attended these events. He highlighted that those who saw or heard about alleged sexual abuse and drugging yet chose to stay silent are just as guilty as the ones accused. Buzbee revealed that some of these stars have already received letters demanding they settle privately or risk facing public lawsuits.

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This situation has significant implications. Buzbee’s tough stance comes as personalities like Ray J speak up, claiming that various stars have contacted him worried about their involvement. Ray J has been vocal about Diddy’s alleged misdeeds and suggested that some celebrities try settling with victims before more accusations come to light. It’s unclear if Ray J’s claims indicate real legal trouble or growing anxiety among those involved, but Buzbee’s push for accountability adds a new twist to the ongoing story.

Focused initially on Diddy, this legal battle now shows how famous figures can get caught up in high-profile scandals. As Diddy faces serious federal and criminal cases, the potential consequences for others connected to him are becoming more evident. For now, Tony Buzbee is committed to seeking justice, clarifying that being famous won’t protect anyone from the law. Whether these efforts lead to public trials or quiet settlements, it’s clear that pressure is building for those linked to Diddy’s controversial events.

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