FOREIGN

DJ Khaled And Floyd Mayweather To Face Charges By US SEC For Illegally Promoting Bitcoin

Published

6 years ago

November 30, 2018

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DJ Khaled and?Floyd Mayweather charged by US SEC for Illegally promoting Bitcoin

Boxer Floyd Mayweather Jr and music producer DJ Khaled will pay thousands of dollars to settle charges for violating US financial laws

The US Securities and Exchange Commission announced the settlement on Thursday as the US financial regulator said the men failed to disclose payments they received to promote certain cryptocurrency investments.

The men neither admitted nor denied the claims, but agreed to pay combined penalties totaling more than $750,000. The two cases are the first the SEC has brought over touting violations involving initial coin offerings or ICOs, a relatively new investment vehicle associated with crypto-currencies. An ICO allows people to invest in a company by buying “tokens” or “coins” that it issues.

Despite the new language, the SEC has warned investors that it views many of the offerings as investments governed by existing securities laws. Those rules require disclosure of payments in exchange for publicity. In this case, the SEC said Mayweather received $300,000 to promote three separate offerings, including one by Centra Tech, a Miami company that the SEC accused of fraud in April.

Mayweather’s promotions included a message to his Twitter followers that Centra’s ICO “starts in a few hours. Get yours before they sell out, I got mine…” Khaled was paid $50,000 by the same company, the SEC said.

The SEC said DJ Khaled agreed to repay the $50,000 he received for the endorsement, as well as a $100,000 fine and interest while Mayweather will repay the $300,000 he received, as well as a $300,000 fine and interest.

SEC Enforcement Division Co-Director Steven Peikin said the cases were a reminder that investors should “be sceptical of investment advice posted to social media platforms, and should not make decisions based on celebrity endorsements”.

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FOREIGN

Beyoncé Achieves Historic Milestone As Most Certified Female Artist

Published

3 days ago

December 19, 2024

Reporter

Beyoncé is most RIAA certified female artist of all time | fab.ng

Renowned singer Beyoncé has solidified her position as the most certified female artist of all time, a distinction bestowed upon her by the Recording Industry Association of America (RIAA).

Her recent surge in song certifications has propelled her to an impressive total of 103 RIAA-certified titles, surpassing all other female artists in this category.

The RIAA celebrated this monumental achievement in a post on X on Tuesday.

“Crowning achievement! Congratulations to @Beyonce, who now holds the record for the most certified titles for a female artist in RIAA history, including her first two Diamond singles! @parkwood @columbiarecords,” RIAA announced in a post on X on Tuesday.

👑 Crowning achievement! Congratulations to @Beyonce, who now holds the record for the most certified titles for a female artist in RIAA history, including her first two Diamond singles! 💎🐝✨ @parkwood @columbiarecords pic.twitter.com/L86gwGkzQN

— RIAA (@RIAA) December 17, 2024

Among her numerous accolades are Diamond certifications for two iconic singles: “Halo” and “Single Ladies (Put a Ring on It).” These certifications signify extraordinary sales and streaming figures.

Additionally, Beyoncé boasts a string of impressive certifications for her albums. “Renaissance” has achieved 2x Platinum status, “Lemonade” has attained 4x Platinum, and both “Sasha Fierce” and “Dangerously In Love” have earned 7x Platinum certifications.

This latest milestone further solidifies Beyoncé’s legacy as one of the most influential and successful artists of all time.

Her ability to consistently deliver groundbreaking music that resonates with audiences worldwide has undoubtedly contributed to her unparalleled success.

Check out more music updates here.

FOREIGN

“Gladiator II” Becomes Denzel Washington’s Most Successful Movie With $320 Million Worldwide Gross

Published

3 weeks ago

December 4, 2024

Reporter

Gladiator II is Denzel Washington's Most Successful Movie | fab.ng

Gladiator II has become the highest-grossing film of Ridley Scott’s career. The movie features the legendary actor Denzel Washington.

Known as one of Hollywood’s most respected figures, Washington has built an extraordinary career filled with iconic performances and critical acclaim.

His influence extends far beyond Hollywood, earning him global admiration. However, despite his illustrious career, Washington has not always been the first name associated with record-breaking box office success compared to some of his contemporaries.

His recent collaboration with Ridley Scott has now changed that narrative. Gladiator II has shattered expectations, becoming Washington’s highest-grossing film worldwide.

The movie has earned an impressive $320.2 million globally. This surpasses his previous record-holder, American Gangster, which grossed $267.9 million.

This milestone solidifies Gladiator II as Washington’s most financially successful film directed by Scott.

Domestically, American Gangster has maintained its position as Washington’s top-earning film for 17 years, with a domestic gross of $130.1 million.

However, this record may soon be eclipsed by Gladiator II, which has already reached $111.4 million domestically and continues to draw large audiences.

The success of Gladiator II marks a significant achievement in Washington’s career. It shows his enduring appeal and the powerful collaboration with Ridley Scott.

This box office triumph not only highlights Washington’s versatility and star power but also sets a new benchmark for future projects.

Fans and industry insiders alike are watching closely, anticipating how far this latest release will go in redefining the actor’s box office legacy.

READ ALSO: Gladiator II” Records ₦99.1 Million In Its Opening Weekend At The Nigerian Box Office

Throughout his decades-long film career, Washington has taken on a variety of action roles, many of which have been box-office successes.

The Equaliser franchise, for instance, has grossed approximately $190 million worldwide per installment.

Even some of his less critically acclaimed films, such as 2012’s Safe House, achieved significant commercial success, grossing $208.1 million against a budget of $85 million.

FOREIGN

Lee Min-Ho Returns To The Big Screens In Netflix’s “When The Stars Gossip”

Published

1 month ago

November 21, 2024

Reporter

Lee Min-Ho back to the screen in When The Stars Gossip | fab.ng

Lee Min-ho is set to make a triumphant return to the big screens with Netflix’s upcoming South Korean series When The Stars Gossip.

After a well-planned hiatus, the iconic actor will star in this highly anticipated sci-fi romance alongside Gong Hyo-jin.

The series will premiere globally on January 4, 2025. Netflix K-Content announced it with exclusive first-look images that tease a captivating narrative exploring love and life among the stars.

In the series, Min-ho takes on the role of an OB-GYN who becomes a space tourist. Meanwhile, Gong portrays a space mission commander. Their characters promise an exciting dynamic that blends romance and adventure in an interstellar setting.

Renowned as one of South Korea’s most celebrated actors, Lee Min-ho rose to international fame with his breakout role as the charismatic Gu Jun-Pyo in the 2009 drama Boys Before Flowers.

His performance earned widespread acclaim and established him as a key figure in the global Hallyu wave. Over the years, he has enthralled audiences with his performances in hit dramas. These dramas are The Heirs (2013), Legend of the Blue Sea (2016), and The King: Eternal Monarch (2020).

Known for his selective approach to roles, Min-ho consistently curates projects that highlight his versatility, leaving fans eagerly anticipating his next move.

His most recent major project, Apple TV+’s Pachinko, showcased his exceptional acting skills. In seasons one (2022) and two (2024), Min-ho delivered a critically acclaimed performance as Koh Hansu, a morally complex and nuanced character. This role further cemented his reputation as a versatile and skilled actor.

Lee Min-ho’s deliberate approach to choosing projects has elevated the anticipation for When The Stars Gossip. Fans are thrilled to see him return to the small screen in a fresh and compelling narrative.

The series boasts an impressive supporting cast. They include Gong Hyo-jin (When the Camellia Blooms), Oh Jung-se (It’s Okay to Not Be Okay), Han Ji-Eun (Be Melodramatic), Kim Joo-hun (Castaway Diva), Lee El (My Liberation Notes), Lee Cho-hee (Once Again), and Heo Nam-jun (Sweet Home).

Our squeals of excitement just broke the sound barrier:

OB-GYN-turned-space-tourist #LeeMinho meets space mission commander #KongHyojin in sci-fi rom-com #WhentheStarsGossip.

This star-studded series with #OhJungse, #HanJieun, #KimJuhun, #EL, #LeeChohee, and #HeoNamjun is… pic.twitter.com/8s0nvdZTA9

— Netflix K-Content (@netflixkcontent) November 20, 2024