SEC charges rapper Clifford Harris Jr., known as T.I., and others over cryptocurrency offering

September 11, 2020

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Friday it has charged five Atlanta-based people, including rapper and actor Clifford Harris, Jr., known as T.I. or Tip, and film producer Ryan Felton who promoted an allegedly fraudulent initial coin offering by Felton.

“Aside from Felton, all of the individuals have agreed to settlements to resolve the charges against them,” the SEC said in a statement.

(Reporting by Mohammad Zargham in Washington; Editing by Matthew Lewis)