Kim Kardashian and the celebrity crypto con: New fine, old bottle
adamlashinsky.substack.com
By Adam Lashinsky The Washington Post October 5, 2022 at 4:58 p.m. EDT The Securities and Exchange Commission slapped Kim Kardashian on her gilded wrists this week for illegally touting a newfangled cryptocurrency. The $1.26 million price for her transgression — not telling her fans that she had been paid $250,000 for hyping an investment vehicle — is evidence the government is taking halting steps to regulate a seemingly cutting-edge form of financial services. At the same time, Kardashian’s con artistry is the latest chapter in a decades-old story of famous people profiting by pushing products on the rubes who love them.
Kim Kardashian and the celebrity crypto con: New fine, old bottle
Kim Kardashian and the celebrity crypto con…
Kim Kardashian and the celebrity crypto con: New fine, old bottle
By Adam Lashinsky The Washington Post October 5, 2022 at 4:58 p.m. EDT The Securities and Exchange Commission slapped Kim Kardashian on her gilded wrists this week for illegally touting a newfangled cryptocurrency. The $1.26 million price for her transgression — not telling her fans that she had been paid $250,000 for hyping an investment vehicle — is evidence the government is taking halting steps to regulate a seemingly cutting-edge form of financial services. At the same time, Kardashian’s con artistry is the latest chapter in a decades-old story of famous people profiting by pushing products on the rubes who love them.