Caitlyn Jenner. Photo: Willy Sanjuan/Invision/APGold Medal Grift? Caitlyn Jenner Accused in Crypto Fraud Scheme
“Many retail investors rely on statements that celebrities make in public, which is different than your generic meme coin minted and launched by an anonymous developer,” Peter Grazul of Fitzgerald Monroe Flynn said.
November 15, 2024 at 05:21 PM
4 minute read
Cryptocurrency
What You Need to Know
- Investors sued former Olympic gold medalist Caitlyn Jenner in a nationwide class action.
- The suit accuses Jenner of violations of federal securities laws and fraudulent misrepresentation in the offering and sale of the meme coin $JENNER.
- Celebrities using their platform to promote crypto and other digital assets has been a recurring theme in litigation, most prominently seen in the collapse in FTX.
Investors sued an international celebrity and former Olympic gold medalist in a federal district court in Los Angeles in a nationwide class action that their attorneys said underscored the increasing scrutiny celebrities face in promoting cryptocurrencies and broader legal questions surrounding digital asset regulation.
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