T.I. Charged By SEC After Being Sued For $5 Million Dollars For Defrauding Cryptocurrency Investors

Rhythm And Flow on Netflix

Source: Courtesy Netflix / Courtesy Netflix

The U.S. Securities and Exchange Commission has announced charges against rapper T.I. along with film producer Ryan Felton, and three other individuals for defrauding roughly two dozen investors promoting fraudulent initial coin offerings from the companies FLiK and CoinSpark.

In the SEC’s statement, they reveal all the above-named individuals have settled the matter except for Felton.

Last year in 2017, rapper T.I. joined other hip-hop rappers to launch the new up and coming thing, cryptocurrency, or in this case FLiK Tokens.

According to The Blast, Tip and his business partner, Ryan Felton, were sued for $5M in damages by a group of 25 investors who claimed they invested $1.3M into the new venture. They also said that Tip and Felton, used “social media, celebrity endorsements, and well-known industry experts to create the false impression that FLiK Tokens were a valuable liquid investment.” They also went on to say that they were under the impression that they were going to get Kevin Hart to join as the new face of the business venture and announce that he would be brought to FLiK token as a “owner of the business.”

The lawsuit also alleges that TIP and Felton hiked up the price of the FLiK Tokens once they got the money from the investors before they “dumped” their crypto-coins and then vanished. They said Felton created a new company that he said brought FLiK  “and speciously told investors that he had nothing to do with the new sham company.”

They also said, “Felton explained that the devaluation was caused, at least in part, because T.I. had given FLiK tokens to members of his family and friends who had sold massive amounts on coinexchange.com causing rapid devaluation.”

Read more about T.I. below

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Twitter Dragged Kim Kardashian For Bragging About Her Wealth

Kim Kardashian Steps out

Source: (Photo by Chris Wolf/Star Max/GC Images) / (Photo by Chris Wolf/Star Max/GC Images)

You either love them or you don’t and earlier this week people on Twitter weren’t happy with the new billionaire as she bragged about her wealth via several pictures posted to social media.

Kim and her family have been hanging out at their Wyoming ranch where they celebrated her daughter, North’s birthday. In a series of tweets, Kim posted pictures of her Friesian horses which she bragged that she owned 14 of them.

She then posted a picture of a custom ATV with unicorn’s painted on them. The comments in the posts were flooded with fans calling her posts insensitive and tone-deaf.

“Wowwwww. No one cares about your wealth right now. The country is suffering,” one user tweeted. “The money you paid to buy one of these horses could have fed one or two families of four for a whole year. 50+ people could have eaten. But yay you have 13 extra horses,” another user tweeted.

Kim hasn’t responded to the backlash, instead, continuing to promote her make-up and shapewear line.

Andre Harrell Has Passed Away At 59 Years Old

The Recording Academy And Clive Davis' 2019 Pre-GRAMMY Gala - Arrivals

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Andre Harrell was found dead at his apartment Friday evening at age 59, according to a tweet from journalist Roland Martin. His cause of death is unknown at this time.

Harrell, who founded Uptown Records, was responsible for launching the careers of Mary J. Blige, Robin Thicke, Heavy D, Jodeci, Anthony Hamilton, Teddy Riley and more. In 1995, he became the president and CEO of Motown Records, overseeing Stevie Wonder, Diana Ross and Queen Latifah, all the while launching the careers of 98 Degrees and Mario Winans. As a mentor to Diddy, he later went on to work side-by-side with the rap mogul as president of Bad Boy Records and later, vice chairman of Revolt TV & Media.

Outside of his music endeavors, Harrell dabbled in film, producing Honey, which starred Jessica Alba, Strictly Business starring Tommy Davidson and Halle Berry, and created the first multicultural major network drama to hit TV: New York Undercover. 

RELATED: Andre Harrell’s Ten Favorite New Jack Swing Jams

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Saudia Shuler Gave Out 5,000 Pounds Of Free Food In North Philadelphia

Saudia Shuler Owner of Country Cookin’ has stepped up in helping during this time in need. Due to many grocery stores being empty has left many families in panic. Shuler, and many other generous souls got together to pass out free food to the city of Philadelphia. Country Cookin’ has been a food staple in Philly for many years as well as Saudia has been continuously giving back to her community.

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Country Cookin’s founder took to Instagram speaking about the emergency food bank saying, “Please bring ur shopping carts to. @countrycookin1 There will be an Emergency Food Bank today @ Country Cookin. Sponsored by Keeta @her.very.best the CEO of @freemealsphilly and Saudia Shuler CEO of Country Cookin. @her.very.best has 5000 pounds of food coming in today!! Bring your family • kids • and carts to help you take home the food you need. There will be additional donation from @ed_squeaky of @k12foods of 1000 pounds of child friendly breakfast and healthy snacks.

We thank @her.very.best and @ed_squeaky for coming back to the hood to help me feed our community!!! We are all from #northphilly and love y’all!!! Thank u @yochampagnes21 for ur donation”

 

 

Related: Philadelphia’s Official Coronavirus Testing Locations

Temple University Is Using The Liacouras Center As Hospital Space For COVID-19

Soccer Dad: Chris Brown

Chris Brown Performs On NBC's 'Today'

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Chris Brown and Nia Guzman were seen cheering on their 5-year-old daughter Royalty at a soccer match.

Guzman posted pictures of Royalty on the field and snaps of Brown with his daughter after the game.

Brown and Guzman share legal and joint custody of Royalty.

Brown recently became a new father to Aeko. His son was born to Ammika Harris a few months ago.

Dwyane Wade’s Daughter Walks First Red Carpet As Zaya Wade

Dwyane Wade, Gabrielle Union and daughter Zaya Wade, all attended the 2020 Truth Awards on Saturday.

This was 12 year old, Zaya’s first red carpet since revealing she is a transgender girl.

D-Wade posted the photo of all three of them with the caption, everyone allow her to re-introduce herself her name is Zaya Wade.

The three took the stage where Dwyane admitted that when an 8 year old Zion Wade came out to them as a family they were not educated.

He admitted that they reached out to good friends and a male couple to help them navigate the correct language to use and what to listen out for.

Another bit of advice they received was to make sure that Zaya knows she has a community and felt the love and support both inside and outside the home.

The Notorious B.I.G. Gets 2 Rap Snack Flavors

Photo of Notorious BIG

Source: Al Pereira / Getty

Rap Snacks will pay tribute to the Notorious B.I.G.

As a part of their ICON series, Biggie will be on the packaging for Cookout Barbecue Sauce and Honey Jalapeño-flavored potato chips.

Just so you know, this is legit to Biggie’s legacy. Rap Snacks has teamed up with the Christopher Wallace Memorial Foundation and Volleta Wallace.

A portion of the proceeds from sales of the snacks will go toward educational help for inner-city students.

H.E.R Launching Her Own Sunglasses Collection

H.E.R. x adidas x Footlocker

Source: Courtesy of Zak Tanne / Courtesy of Zak Tanne, Edelman

Grammy award winning singer, H.E.R. is partnering up with DIFF Charitable Eyewear to use her mysterious signature look to take over the accessories shades game.

In an interview she says, “I feel like shades are just the icing on the cake and they add that extra oomph to my outfit.

I like to pair clothes or accessories that wouldn’t usually go together.

I’m a sneaker girl, but I like to make comfort fancy.”

Soulja Boy Returns to Instagram After 8 Months

Soulja Boy

Source: Soulja Boy

“Drako Back!”

This according to Soulja Boy’s post on Instagram. He returned to social media after being off for 8 months.

Soulja Boy used the time to clean up his inner circle and close some movie deals.

His manager said that Soulja Boy has been grinding for over 15 years without a break and that he used the time to mature. He said he even turned down paid shows as well.

Soulja is expected to make a return to the Breakfast Club.

Blue Ivy, Beyoncé, and Marsai Martin Collect Early Wins at NAACP Image Awards Dinner

2016 MTV Video Music Awards - Arrivals

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Blue Ivy won her first award at the NAACP Image Awards dinner on Saturday night. (February 22)

Blue Ivy was featured on “Brown Skin Girl,” a song from The Lion King: The Gift. The song, which won Outstanding Duo, Group or Collaboration, featured Ivy along with her mother, Beyonce, WizKid and Saint JHN.

Beyonce’s Homecoming: The Live Album also won an award for Outstanding Album and Outstanding Variety (Series or Special), the singer also took home an NAACP award for Outstanding Female Artist.

Black-ish star, Marsai Martin, 15 also took home four awards for Outstanding Supporting Actress in a Motion Picture and Outstanding Breakthrough Performance in a Motion Picture for her role in the 2019 film “Little,” and Outstanding Supporting Actress in a Comedy Series and Outstanding Performance by a Youth for ABC’s “Black-ish.”

Harden & Westbrook Make Cover Of ‘GQ’

The 2017 ESPYS - Arrivals

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James Harden and Russell Westbrook will be a couple of sharp-dressed men in next month’s GQ magazine

The Rockets teammates will appear on the cover of the March issue and discuss their fashion habits in an interview with writer Mark Anthony Green.

In the issue, Harden admits to spending more than half a million a year on clothes – with Westbrook close behind at “$300K to $350K”.

Check out cover below:

Feds Charge Cardi B’s Friend Star Brim In Connection To 2018 NYC Club Assault

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Cardi B’s BFF, Star Brim has been indicted on charges connected to the 2018 Angels Strip Club assault where two waitresses were beaten up.

Star Brim is accused of ordering an assault on Baddie G and Jade who were waitresses for the Angels Strip club on August 15th, 2018 while in prison.

Yonette “Star Brim” Respass, who is allegedly a member of the 5-9 Brim Bloods, was charged with multiple felonies including, conspiracy to commit assault in-aid-of racketeering.

Cardi B has pled not guilty in charges brought against her in the incident. Cardi has been charged with two counts of felony assault with intent to cause serious physical injury.

Star, who is currently pregnant, is expected to turn herself into authorities.

Amber Rose Claps Back At Critics Of Her Face Tattoo

VH1 Hip Hop Honors: All Hail The Queens - Arrivals

Source: Nicholas Hunt / Getty

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Amber Rose is hitting back at people who have criticized her new face tattoo. She got “BashSlash” tatted on her forehead in honor of her sons Sebastian and Slash.

Many people, including Wendy Williams, have been outspoken about the ink and how it messed up Amber’s pretty face.

In one response, Rose said, “Beauty is not what’s on the outside… it’s what’s on the inside that counts – Inside of my p***y and inside of my heart.”

In another clap back, Rose said, “The people that are telling me I’m too pretty for a face tat are the same people that would tell me that I’m ‘too pretty’ even if they thought I was ugly and lie to me, LOL. Or they would just tell me I’m ugly. So either way, the moral of the story is to do whatever the f**k you want in life.”

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“Life Is Good” Remix Will Feature DaBaby & Lil Baby

DaBaby hits the Z107.9 Summer Jam stage!

Source: Radio One Digital / @Stretchd_34 for Radio One Digital

As if Future and Drake’s single, “Life Is Good” couldn’t get any better, it just did!

Lil Baby and DaBaby will be hopping on the remix of “Life is Good”

Listen to preview below: