Posted in: Tattle, Technology

Investors sue Kim Kardashian and Floyd Mayweather Jr over crypto scheme

Class action lawsuit alleges celebrities and EthereumMax executives made ‘false and misleading statements’

The reality TV star Kim Kardashian and boxing champion Floyd Mayweather Jr are among celebrities being sued over their promotion of an alleged “pump and dump” cryptocurrency scheme that investors say caused them to lose money.

According to a class action lawsuit filed in a California court, executives of EthereumMax, in collaboration with Kardashian, Mayweather Jr and the basketball player Paul Pierce, sought to enrich themselves by making “false and misleading” statements to investors.

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