The Securities and Exchange Commission (SEC) today charged eight celebrities including Lindsay Lohan and with 'illegally touting' crypto currencies.As well as Lohan and Paul, the regulator accused rappers Soulja Boy and Lil Yachty, singers Akon, and Austin Mahone, and pornstar Kendra Lust, of promoting the assets without disclosing they were being compensated.The eight are charged alongside Chinese crypto baron Justin Sun who, as well as paying the stars, allegedly artificially inflated the price of the coins they were touting using a practice known as 'trade washing.'
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