Lifestyle

Did Kim Kardashian and Ken Paxton Break The Same Law?

Kim Kardashian was accused of violating the law by failing to inform investors that she had been paid to give investment advice by a company offering an investment. She promoted the crypto product Ethereum as a good investment on her Instagram page in June 2021 with a post that said: “This is not financial advice but sharing what my friends have just told me about the EthereumMax token!”

What Kim didn’t say is that Ethereum gave her $250,000 dollars to promote this product. Because she did not disclose that she had been paid $250,000 to promote a crypto token sold by EthereumMax, the Securities and Exchange Commission announced a $1.26 million settlement as a fine according to The New York Times.

Ken Paxton was also indicted on securities fraud charges in 2015. The indictments accuse Paxton of defrauding investors in a Dallas-area tech startup by not disclosing he was being paid by the company. But, unlike Kim Kardashian who had no trouble admitting she did wrong, Paxton plead innocent and seven years later there is still no trial for the Texas AG. 

RA Staff

Written by RA News staff.

Recent Posts

Wall Street South? Texas Launches Bold Bid with New Stock Exchange

A bold new financial chapter is unfolding…

9 hours ago

Nearly 900 Texans Rescued After Catastrophic Flooding in Kerr County, Death Toll Rises

At least 32 people are dead and many more remain missing — including children from…

1 day ago

Texas Bets on Bitcoin: A Strategic Play for Financial Innovation

In a move that has drawn national…

1 day ago

Elon Musk’s $50K House vs. His Nearly $70K Cybertruck

Elon Musk, a figure with billion-dollar ventures…

1 day ago

Delta-8 vs. Delta-9: Why Texas’ Marijuana Dispensaries Say They Can’t Compete

Texas' medical marijuana industry entered 2025’s legislative…

2 days ago

Paxton drops appeal: Texas to pay $6.6 million to whistleblowers

Texas will pay $6.6 million to four former top deputies to Attorney General Ken Paxton…

2 days ago

This website uses cookies.