Tag Archives: celebrity law news

SEC warns celebs about legal dangers of bitcoin endorsements

Celebs endorsing ICOs must now disclose if their social media posts are paid promotions.

When celebrities endorse things on social media, a lot of people tend to take their word for it. Now that some of them have also begun endorsing a controversial means of crowdfunding called “initial coin offering” or ICO, which was recently banned in China and South Korea, the US Securities and Exchange Commission has had to step in with a warning. Since ICOs are an unregulated means to raise money using cryptocurrencies, people could use them to sell products that don’t exist or to entice investors to sink their money into projects that will never materialize. That’s why SEC has decided to be on the lookout for celebrity ICO endorsements to protect potential investors.

The agency’s warning says:

“Any celebrity or other individual who promotes a virtual token or coin that is a security must disclose the nature, scope, and amount of compensation received in exchange for the promotion. A failure to disclose this information is a violation of the anti-touting provisions of the federal securities laws. Persons making these endorsements may also be liable for potential violations of the anti-fraud provisions of the federal securities laws, for participating in an unregistered offer and sale of securities, and for acting as unregistered brokers.”

SEC’s warning comes after The New York Times published a piece on celebrities like Floyd Mayweather and Paris Hilton endorsing various ICOs. The famous boxer help a Miami-based ICO called Centra Tech raise $30 million. According to the publication, Centra Tech’s founders created a chief executive that doesn’t exist. In addition, despite promising a Visa or a Mastercard debit card to its backers that will supposedly allow them to spend their Centra coins anywhere, the company reportedly doesn’t have any kind of deal or partnership with either credit card company.

Full Read – https://www.engadget.com/2017/11/02/sec-bitcoin-endorsements-warning/

Will Smith Slips Tyrese Gibson ‘$5m To Help With Legal Costs’

Tyrese has had his fair amount of problems of late, not least of all an ongoing legal battle with his ex-wife, Norma Gibson.

But after posting a confessional video last week where he hinted that he needed a little help from his celebrity friends, it appears that Tyrese’s luck may have come back in.

In an Instagram post yesterday, Tyrese revealed that his mate Will Smith – the Fresh Prince Of Bel Air – and wife, Jada Pinkett Smith, have given Tyrese an eyewatering $5 million to help cover his court costs. That’s a casual sum to just pull out of your pocket and give to a pal. Lucky for some, eh?

“My wife kept the news away from me cause I’ve been on with lawyers all day but our family and our sister Jada-Pinkett Smith and my brother Will Smith just sent us 5 million dollars to help keep us afloat,” Tyrese wrote in a caption to a photo of him laughing with Will Smith.

“You guys asked me to get off and stay off the Internet now that my daughter’s legal fees will be paid!”

Last Wednesday, Tyrese had posted an emotional video in which he revealed his frustration about several issues related to his legal battle with Gibson.

Read Full – http://www.ladbible.com/entertainment/celebrity-will-smith-slips-tyrese-gibson-5m-to-help-with-legal-costs-20171106

MARIAH CAREY SECURITY GUARD CLAIMS SEXUAL HARASSMENT

Mariah Carey‘s former security company has threatened to sue her … and the guy who owns the company says she constantly humiliated him by referring to him as a Nazi, a skinhead, a KKK member and a white supremacist.

Michael Anello‘s lawyer has prepared a draft of a lawsuit, claiming his company worked for Mariah from June 2015 to May 2017 and got stiffed on the balance to the tune of $221,329.51. Anello claims he was promised another 2 years which would add $511,000 to the tab.

Anello says Mariah humiliated him and his colleague by referring to them as members of the hate groups.

Anello also claims Mariah “wanted to be surrounded with black guys, not white people.”

The draft lawsuit also makes allegations of sexual harassment, claiming she committed “sexual acts with the intent that they be viewed by Anello.” Anello claims during a trip to Cabo San Lucas, Mariah asked him to come to her room to move some luggage and when he got there, she was wearing a see-through negligee that was open. He says he tried leaving but she insisted he move the luggage. He says he left the room and there was no physical contact.

Mariah’s people tell us they were in touch with Anello’s lawyer Monday and were agreeable to pay certain invoices, but we’re told Anello is not satisfied with the amount.

Mariah’s people have no information on the sexual harassment claim.

The lawyer for Anello says the lawsuit is now on hold, presumably because they are in settlement negotiations.

Full Read – http://www.tmz.com/2017/11/08/mariah-carey-security-guard-lawsuit-sue-nazi-sexual-harassment/

Harvey Weinstein Challenges His Firing in Arbitration

Harvey Weinstein has filed a claim in private arbitration alleging that he was wrongfully terminated from the Weinstein Company, according to a court filing.

The Weinstein Co. filed papers in Delaware Chancery Court on Wednesday, opposing Weinstein’s motion to expedite his suit in that court. Weinstein has sued his former company, seeking access to his personnel file and company email account.

In its opposition, the Weinstein Co. lawyers argue that he is improperly seeking to run around the discovery process in the arbitration case. Weinstein filed the suit in Delaware on Oct. 26. The court filings say that he initiated the arbitration case on the same day.

Weinstein was fired last month after the New York Times reported that he had settled numerous sexual harassment claims over three decades. Scores of women have since come forward to allege that they were harassed, groped, or raped by Weinstein. Weinstein has repeatedly denied all accusations of non-consensual sex.

Full Read – http://variety.com/2017/biz/news/harvey-weinstein-twc-arbitration-1202604907/

PROOF in Brief + Celeb Legal News Roundup + Jill Stanley

Week Ending 9.8.2017

  • A French court ruled that topless photos taken of Kate, Duchess of York were an invasion of privacy. The photos were taken back in 2012 with a long lense as Kate and William were vacationing at a private estate. Interesting timing given it’s 20 years since Lady Di’s death which many still attribute to paparazzi. (Note: charges were ultimately dropped against paps in connection with her death.)
  • Usher responds to California lawsuit filed by 3 plaintiffs alleging he may have exposed them to Herpes. In his answer, Usher denied the allegations but the singer has still not released medical evidence proving he does not have the disease  Click here to read the complaint filed against him.
  • Dallas Cowboy Ezekiel Elliott just got a little luck. A federal judge granted the NFL Players Association request for a temporary restraining order and preliminary injunction to stop his six-game suspension stemming from the NFL’s finding that there was “substantial evidence” that Elliott committed acts of domestic physical violence against his former girlfriend,Tiffany Thompson.
  • The Mel B/Stephen Belafonte lawsuit continues with more damaging allegations. This time about a sham marriage that Belafonte purportedly arranged so the couple’s former nanny (with whom both he and Mel B are alleged to have had sexual relations) would not be deported. Read More 
  • The family of Aaron Carter is very worried about him and the very real risk of suicide they feel may be present; they’ve had cops called to Aaron’s home several times recently. Read More
  • Fox News host, Charles Payne, will return to his show now that the Network has completed its investigation into sexual harassment claims. Payne was suspended earlier this summer pending the outcome of that investigation.

Sourced From http://proofwithjillstanley.com/proof-in-brief/