Centra: Floyd Mayweather to pay $600,000 penalty

Centra Floyd Mayweather to pay $600,000 penalty

Boxer Floyd Mayweather fined for endorsing a cryptocurrency called Centra. Its founders were charged for fraud. The boxer promoted the crypto and encouraged his followers to ‘join Centra’s ICO.’ He received $100,000 for promotion and $200,000 to endorse two other ICO’s. Reportedly, the SEC will disgorge his $300,000 income and charge a fine of $300,000. DJ Khaled is to pay $150,000 to SEC.

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