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It’s all relative, perhaps. It might be different if anybody believed these celebrities were actively trying to defraud and harm people. The reality is more l
by tobyjsullivan 4y ago
It’s all relative, perhaps.
It might be different if anybody believed these celebrities were actively trying to defraud and harm people.
The reality is more likely that these people are effectively human billboards. People pay them to read a script, and they read it. Each week a different product, different script, same deal.
So they got suckered into reading an illegal script. They get penalized (rightly) but it doesn’t necessarily need to be extreme.
And now the SEC gets to show off their win using the same billboards.
- zeusk 4y agoYeah, but these people don't get to billboard investments and securities without acknowledging so. > Hey, I'm Jake Paul and you should buy crypto X because it's great and I have it vs > Hey, I'm Jake Paul and you should buy crypto X because it's great and I was paid for this advertisement.
- tobyjsullivan 4y agoI mean, that’s the rule he broke, yeah. That said, I don’t know who Jake Paul is. If he’s a special case, fine. I was going off the other names I do recognize. I just don’t see Lohan hustling securities fraud between ads for clothing and apple jacks.
- zeusk 4y agoFTC has mandated "influencer" posts must acknowledge if they're paid for, so why would clothing and apple jacks get a free pass? And yeah, Logan was a special case because he shilled quite a few coins including a few he was "involved" with.
- raegis 4y ago> So they got suckered into reading an illegal script. Superrich people have agents and lawyers who should advise better. The near homeless guy I saw at the bus stop touting "crypto" I'd call a sucker. Not Logan Paul.
- deleted 4y ago[deleted]