Boston, MA

Former Boston Celtics star Paul Pierce settles with SEC over crypto violations

Published

2 years ago

February 17, 2023

Former Boston Celtics star Paul Pierce settles with SEC over crypto violations

Paul Pierce #34 of the Boston Celtics celebrates after a play towards the Los Angeles Lakers within the fourth quarter throughout Recreation 5 of the 2010 NBA Finals on June 13, 2010 at TD Backyard in Boston, Massachusetts.

Elsa | Getty Pictures

NBA Corridor of Famer Paul Pierce, who received a championship with the Boston Celtics, agreed to settle with the Securities and Trade Fee for $1.4 million over allegations that he unlawfully touted crypto securities, the regulator introduced on Friday.

The motion towards Pierce includes his public statements about EthereumMax, or EMAX, the identical crypto safety product that the SEC charged influencer Kim Kardashian with unlawfully touting.

Pierce promoted EthereumMax tokens on Twitter whereas failing to reveal that he was paid for his promotion with EMAX tokens value over $244,000, the SEC alleged. Pierce didn’t admit or deny wrongdoing as a part of the settlement and pays a $1.1 million penalty and disgorge “roughly $240,000,” the SEC mentioned.

Pierce can also be barred from selling any crypto asset securities for 3 years, the SEC mentioned.

“This case is one more reminder to celebrities: The legislation requires you to speak in confidence to the general public from whom and the way a lot you might be getting paid to advertise funding in securities, and you may’t misinform buyers whenever you tout a safety,” SEC Chairman Gary Gensler mentioned in a press release.

Pierce’s social media help for EthereumMax additionally concerned allegedly deceptive the general public about his EMAX holdings, in response to the SEC. Pierce allegedly shared deceptive screenshots of his EMAX holdings and earnings, the SEC mentioned, with out disclosing that his private holdings had been truly far decrease.

“@espn I do not want you,” Pierce wrote in a Could 2021 Tweet. “I bought @ethereum_max I made extra money with this crypto prior to now month then I did with y’all in a 12 months.”

The SEC mentioned Pierce’s gross compensation from ESPN was over $1 million in 2020.

Representatives for Pierce didn’t instantly reply to a request for remark. Kardashian settled with the SEC in October for $1.2 million over her alleged touting of EMAX, which included a now notorious line, “Are you guys into crypto????”

A federal class motion lawsuit naming Pierce, Kardashian, Floyd Mayweather Jr., and different EthereumMax boosters was dismissed in December. A decide discovered that the plaintiffs’ allegations did not meet the “heightened pleading requirements” that fraud instances demand. The lawsuit was refiled the identical month.

The SEC has gotten extra aggressive with its enforcement motion within the crypto house. On Thursday, the regulator charged stablecoin issuer Terraform and CEO Do Kwon with fraud.

Earlier this week, the SEC proposed adjustments to federal custody regulation that might materially affect the best way crypto exchanges are capable of custody sure property. Days earlier, crypto trade Kraken settled with the SEC over its staking service. And in January, the SEC unveiled costs towards crypto lender Genesis and crypto trade Gemini over the alleged unregistered providing and sale of securities.

— CNBC’s Rebecca Picciotto contributed to this report.

WATCH: SEC Chair Gensler breaks down costs towards Kim Kardashian

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Boston, MA

Blockbuster Trade Proposal Sends Two Superstars To Boston Red Sox

Published

1 hour ago

November 5, 2024

Press Room

Blockbuster Trade Proposal Sends Two Superstars To Boston Red Sox

The Chicago White Sox are expected to field offers for their two best players, Luis Robert Jr. and Garrett Crochet, this winter. Both of these stars would net quite the return in a trade. But what if Chicago dealt the two as a package in the same trade?

That’s exactly what Bleacher Report’s Kerry Miller has pitched. Miller recently proposed a hypothetical trade that would send Robert and Crochet to the Boston Red Sox in exchange for a few top prospects.

CHICAGO, ILLINOIS – SEPTEMBER 25: Luis Robert, Jr. #88 of the Chicago White Sox bats in a game against the Los Angeles Angels at Guaranteed Rate Field on September 25, 2024 in Chicago, Illinois.

Matt Dirksen/Getty Images

Here’s the deal that Miller proposed:

Red Sox receive: OF Luis Robert Jr., LHP Garrett Crochet
White Sox receive: OF Roman Anthony, SS Franklin Arias. RHP David Sandlin

Anthony, Boston’s top-ranked prospect according to MLB Pipeline, slashed .291/.396/.498 split between two levels of the minor leagues. He’s the crown jewel of the trade as he projects to be a superstar in the big leagues.

Arias, 18, is Boston’s sixth-ranked prospect and one of the top international prospects from the 2023 class. He’s a defensive-minded shortstop who hit very well in pro ball last season.

Sandlin, 23, has solid offerings across the board, but he’s a bit older than the prospects that Chicago wants to add.

Adding both Crochet and Robert would be expensive for Boston, but it would immediately place it in contention for the AL East crown. The Red Sox would also have free agency to continue to add, where they could look to add bullpen help and another starter.

More MLB: Guardians Announce 2024 All-Star Undergoes Elbow Surgery With 6-8 Month Return Timeline

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Boston, MA

Boston Jewish Film Festival boosts lineup for 36th year

Published

10 hours ago

November 5, 2024

Press Room

Boston Jewish Film Festival boosts lineup for 36th year

For the 36th Boston Jewish Film Festival, opening Wednesday and running through Nov. 17, bigger is indeed better.

“The scope is bigger than years past,” Artistic Director Joey Katz allowed in a Zoom interview. This BJFF has 20 film premieres. They include eight fiction features, six feature documentaries and eight short films (including the FreshFlix Short Film Competition). Nine films are made by women, seven have LGBTQ+ content. And no fewer than 30 guests will be on hand to exhibit and discuss the wide-ranging material that makes this 36 so distinctive.

Shira Piven’s “The Performance,” Katz said, “is a quintessential opening night film. Based on an Arthur Miller short story, it’s set in 1937 and is about a Jewish tap-dancing troupe who get booked for the Fuhrer. It’s all about identity, passion and what people may or don’t do to achieve success in an artistic endeavor.”

Preceding the film’s screening at the Coolidge Corner’s main movie house, he noted, is something special: A tap dance performance.

“It’s indicative that we’re adding these performances or music to elevate the experience and allow people to immerse themselves in the world where these films are.”

That something extra continues with a dynamic drag show before “Sabbath Queen” at the Brattle. This marks the return of director Sandi DuBowski whose hit “Trembling Before G-d” played the 2001 BJFF.

You’re invited to join Chef Jerrod Perry and Chef Tali Pinnolis and learn how to make your challah. While your challah rises, enjoy an exclusive screening of Sarah Rosen’s 12-minute FreshFlix entry, “How to Make Challah!”

The midfest entry “Yaniv,” Katz explained, “is about a couple of teachers in New York City who get involved in illegal card gambling to pay for their spring musical. It’s a raucous comedy and after the film at Congregation Kehillath Israel, people can learn to play the card game — not for money! But with food, drink and music that is really exciting.”

Following “Yaniv” a conversation with co-writer/director Amnon Carmi and co-writer/actor Benjamin Ducoff, a BU alumnus.

Board president Ken Shulman’s personal favorite is “Pepi Fandango” (at the Center for Arts in Natick, Nov. 11). “He’s close to 90, known as Pepi and with his best friend they do a geriatric road trip, all the way to Spain to look for a certain type of flamenco music he heard when he was in a French concentration camp.

“It’s a fun movie and is preceded by a fandango guitar performance to set the mood by Francesco Barone, who lives in Lexington and teaches at Wayland School of Music.”

Tickets are only available online, at bostonjfilm.org (with credit card only). No refunds or exchanges.

A scene from “Bad Shabbos,” part of the lineup for the 36th Boston Jewish Film Festival. (Photo courtesy Boston Jewish Film Festival)

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Boston, MA

Two Boston city councilors express concerns with Council president’s ‘conduct in meetings’

Published

18 hours ago

November 4, 2024

Press Room

Two Boston city councilors express concerns with Council president’s ‘conduct in meetings’

Two Boston city councilors have penned a formal letter of concern to the city clerk about the Council president’s “conduct in meetings,” particularly in terms of the “perceived bias” that is said to be shown in her interactions with certain councilors.

Originally Published: November 4, 2024 at 5:59 PM EST

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