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SEC Wins Judgment Towards Actor Steven Seagal After He Ignores Court docket Order to Settle Crypto Fraud Case – Regulation Bitcoin Information


The U.S. Securities and Change Fee (SEC) has gained a judgment towards Steven Seagal after the well-known actor didn’t pay the agreed sum to settle the crypto fraud case he was concerned in. Seagal, now residing in Russia, has been ignoring the SEC’s makes an attempt to contact him.

Steven Seagal Ignores SEC, Fails to Pay Settlement

A federal choose for the U.S. District Court docket for the Japanese District of New York, William Kuntz, signed an order Friday permitting the SEC to gather fines, penalties, and curiosity from Steven Seagal.

The well-known actor had agreed to pay disgorgement of greater than $330,000 to settle the crypto fraud case he was concerned in. The SEC alleged that Seagal didn’t disclose that he was promised $250,000 in money and $750,000 in tokens for selling an preliminary coin providing (ICO) for Bitcoiin2gen. The SEC settled the case with Seagal in February 2020.

Nevertheless, the film star made only one $75,000 fee and is delinquent on the rest, based on a letter from Maureen Peyton King, a lawyer for the SEC.

Decide Kuntz’s Friday order means the SEC can undergo Seagal’s enterprise supervisor to attempt to gather the remaining $255,000 that the actor owes the U.S. authorities. When Peyton King requested him if she may serve the papers upon his enterprise supervisor, Decide Kuntz confirmed, “Completely, sure.”

Seagal is presently residing in Russia. Russian President Vladimir Putin issued a presidential decree in 2016 granting the actor Russian citizenship.

The SEC famous that Seagal has not responded to its repeated calls for after he made the preliminary fee. Final week, Kuntz directed Seagal or his representatives to look in courtroom to answer the SEC. Nevertheless, neither Seagal, his former lawyer nor his supervisor appeared.

What do you concentrate on Steven Seagal ignoring the settlement settlement made with the SEC? Tell us within the feedback part under.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

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