Rapper T.I. Sued for Pump n Dump Scheme
T.I. is a known mainstream rapper with huge networth.
So it seems in 2017 he created and promoted FLiK Token and from what i read they promised to investors price will move from 6 cents to $14,99 (wth?!)
now since that doesnt seem to happen, people got mad and started sues.
Full post from some media site here - https://theblast.com/t-i-cryptocurrency-lawsuit/
I actually missed this one, never heard of FLiK before so just checked.
Doesnt look too alive to me and trades on CoinExchange only (actually i like this spot).
Hard to judge whats up here but possibly rapper wasnt aware of everything but due to fame he will be flamed for this.
Worth checking. Also i wanna remind - many celebirites endorsed coins doing ICO craze but usualy they were not creators/parts of teams, just hired for promotion.
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People are responsible over their own investments and TI shouldn't have allowed that narrative to be promoted. It sucks but I don't think this will have a major effect on his reputation, unless someone else calls him out on it on a diss track or something. Doubt the mainstream media would blow up about this.
hahah Wow he got sued for a pump and dumb coin? Now that is something else. These wannabe hustles will do anything to scam you. And make it look pretty too.
While piles of other celebrities cheered for missing out not to be hired for shitcoins promoting in the last massive bull market.
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