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Steven Seagal settles with SEC

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Action star Steve Seagal reached a $314,000 settlement with the Securities and Exchange Commission.

The settlement was reached after allegations surfaced in 2018 that Seagal failed to disclose he was promised funds in exchange for promoting Bitcoiin2Gen and its initial coin offering.

“These investors were entitled to know about payments Seagal received or was promised to endorse this investment so they could decide whether he may be biased,” Kristina Littman, chief of the SEC Enforcement Division’s Cyber Unit, said in a statement.

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