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SEC says Stoner Cats 2 LLC raised $8 million from investors by offering unregistered securities of NFTs. Stoner Cats will refund the money to investors and pay a $1 million fine. SEC recently charged Impact Theory over allegations of similar violations. The Securities and Exchange Commission (SEC) has charged Stoner Cats 2 LLC over an unregistered offering of NFTs. According to the regulator, the NFTs creator raised $8 million from investors in a project that financed the animated web series show dubbed Stoner Cats. Among notable personalities to feature in the show (via voiceovers) were Ashton Kutcher, Chris Rock, Jane Fonda, Mila Kunis and Ethereum co-founder Vitalik Buterin. NFTs were offered as securities In its order, the SEC said the charge shows that it’s not about what the NFTs are based on or underlying asset, but rather the “economic reality of the offering.” The SEC’s complaint noted that Stoner Cats wasn’t exempt f...

Zachery Ty Bryan, who played Brad Taylor on “Home Improvement,” faces accusations of involvement in a crypto currency scam. Allegedly, he took $50,000 from multiple individuals by falsely promising to invest it in a crypto currency opportunity for a startup named Producers Market. Bryan faces crypto scam charges Several individuals have accused the former child actor of taking $50,000 under false pretenses, promising to invest it in a non-existent crypto currency opportunity for a startup called Producers Market. According to The Hollywood Reporter, Bryan had convinced four individuals to contribute funds for purchasing digital coins related to the Producers Market. These individuals claim that Bryan, leveraging his status as an advisor to the company, convinced them to invest their money in a crypto opportunity that ultimately did not materialize. Bryan’s association with Producers Market began when the company, having learned of the former child actor...