Steven Seagal Ordered To Pay SEC $330,000 Crypto Fine Despite Fleeing To Moscow
Steven Seagal, a Hollywood actor who starred in Beyond the Law, is still on the hook for a court-ordered fine from the Securities and Exchange Commission (SEC), despite relocating to Moscow, Russia.
On Friday, U.S. District Judge William Kuntz ruled in favor of SEC that it can go after Seagal’s business manager to receive the rest of the $330,000 that the actor had agreed to pay.
According to the SEC, Seagal allegedly made a deal of $250,000 in cash and $750,000 in tokens for endorsing an initial coin offering for Bitcoiin2Gen, which was found to be one of the dozens of crypto frauds run by a group of Serbians which the prosecutors were after.
Seagal made social media posts urging his fans not to miss out on the offering of Bitcoiin2Gen.
Seagal had initially agreed to settle the federal agency’s charges agreeing to pay the $330,000 fine but has only paid $75,000 so far.