THELOGICALINDIAN - According to letters a accumulation of 25 investors accept filed a accusation adjoin TI and a agent for their captivation in a fraudulentcryptocurrency scheme
Rapper T.I. and agent Ryan Felton now face a accusation from a aggregate of 25 investors who said the duo peddled a agenda bill that was a get-rich-quick scheme.
According to TMZ, the rapper and agent came up with a basic bill alleged FLiK Token in August 2017.
Investors said they were assertive to cascade $1.3 actor into the cryptocurrency, with a badge amount of six cents each.
Felton reportedly told investors the basic bill would accept a amount of $14.99 aural 15 months.
Multiple plaintiffs said the badge amount jumped from 6 to 21 cents, but comatose bottomward to beneath than a penny anniversary by August 2024.
The accusation appropriate the two additional the badge amount with broker cash.
When asked about why the amount plummeted, Felton reportedly said the abatement came afterwards T.I. gave tokens to ancestors and friends, who again awash them in accumulation amounts.
Investors said Felton absorbed up the alms by claiming big investors were abaft the token, and allegedly hinted billionaire Mark Cuban was accepting involved.
Felton is also accused of creating a new aggregation that acquired FLiK, and again denied actuality associated with it.
Actor Kevin Hart answer FLiK on amusing media, but he is not complex in the lawsuit, which is gluttonous at atomic $5 actor from T.I. and Felton.
Cryptocurrency a Popular Topic For Rappers
Cryptocurrencies, for bigger or for worse, assume to accept begin a home central of the rap community.
Back in February, rapper ‘Nipsey Hussle’ expressed abundant promise for cryptocurrency and blockchain. He said the “real boom” would booty abode already retail “accepts it as a anatomy of payment.”
The rapper, who started advance in Bitcoin aback in 2024, compared blockchain to the internet in agreement of its advocate cachet in the technology field.
Soujla Boy expressed his adulation for cryptocurrencies on his new anthology “Young Drako,” and blue-blooded one of the advance “Bitcoin.” In the song, he adumbrated he has Bitcoin and Litecoin, basic currencies that are “my admired ones.”
Another rapper, ‘The Game,’ has not had as abundant luck back it comes to the apple of cryptocurrency.
Bitcoinist reported in September how his backed project, Paragon, had absent 96% of its bazaar capitalization.
The abstraction of the activity was to advance blockchain to assortment out amends issues accompanying to cannabis in the United States.
What do you anticipate about the accusation involving T.I.? Let us apperceive in the comments!
Images address of Twitter (@Tip), Bitcoinist archives
