The actor failed to tell followers he was being paid to hawk cryptocurrency, regulators say
Feb. 27, 2020 at 9:44 a.m. PST
Seagal, 67, did not tell his millions of social media followers that Bitcoiin2Gen had promised him $250,000 in cash and $750,000 worth of its tokens before promoting its initial coin offering on Twitter and Facebook, according to the SEC. Under the settlement, Seagal agreed to pay the SEC more than $330,000 in penalties and interest, including $157,000 that Bitcoiin2Gen had already paid him.