American rapper T. I. accused of fraud cryptocurrency investors

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American rapper T. I. accused of fraud cryptocurrency investors

As transfers news Agency wished to promote News, is an American rapper, actor and producer hip— hop— music-Clifford Harris, known by his stage name T. I., is suspected of defrauding 25 investors who he convinced to invest in the cryptocurrency FLiK Token.

In a statement, the plaintiffs accuse Harris and his business partner Raana Felton in securities fraud and require to recover their losses in the amount of $5 million.

According to the publication TMZ, the organizers of the project assured investors that the price of a token FLiK, which in August 2017 was 6 cents in 15 months will rise to $14,99. However, by August 2018, the cryptocurrency was worth less than a penny, which the plaintiffs lost more than $2 million.

Edition Blast quotes the case in which T. I. and Felton charged that through “media, “star” advertising and well-known experts in this sector has created among investors a false impression that FLiK tokens are a valuable marketable instrument.”

The case also featured the actor— comedian Kevin HART and an American entrepreneur, the billionaire owner of a basketball team “Dallas Mavericks” mark Cuban — not as defendants but as examples of what the team FLiK Token introduced investors into the misconception, persuading that these two celebrities are connected with their business.

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