Kim Kardashian, Floyd Mayweather, and Paul Pierce are being slapped with a class-action lawsuit for promoting an alleged cryptocurrency pump-and-dump scheme. The token named EthereumMax reportedly rose in price by 632% after Mayweather and Pierce’s promotion. Ana Kasparian and Wosny Lambre discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live Read more HERE: https://finance.yahoo.com/news/kim-kardashian-floyd-mayweather-sued-alleged-crypto-scam-092422470.html "A class action lawsuit has named Kim Kardashian, Floyd Mayweather and basketball star Paul Pierce as defendants for promoting a cryptocurrency called EthereumMax. According to Finbold, the platintiffs sued the celebrities and the still-unidentified entities behind the tokens for causing the value of the Ethereum knockoff to soar so "they could sell their portion of the Float for a profit." The lawsuit lists anybody who invested in the token between May 14th and June 27th, 2021 as a defendant. As Gizmodo explains, the claimants are accusing the defendants of perpetrating a "pump and dump" scheme, in which investors sell off their shares to make a lot of money after orchestrating a rise in its value. The lawsuit states that the coin rose 632 percent in value after Mayweather and Pierce promoted it — the boxing star wore shorts with the EthereumMax URL during his exhibition match with Logan Paul, while Pierce tweeted about it." *** The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET. Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ https://www.youtube.com/TheYoungTurks/join SUBSCRIBE on YOUTUBE: ☞ http://www.youtube.com/subscription_center?add_user=theyoungturks
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