Wall of Shame

Published on April 5th, 2019

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Floyd Mayweather

Floyd “Money” Mayweather

 

Shameful Act:
Who better to promote your initial coin offering (ICO) than the man they call Money? Three cryptocurrency companies apparently all had the same idea when they asked retired champion boxer Floyd “Money” Mayweather to tout their ICOs on social media. Mayweather scrutinized the strengths and weaknesses of each ICO and based on the data picked the one with the best chance of success. Just kidding. He said yes to them all (including one, Centra Tech, that was later exposed as a fraud by the SEC), pocketed a total of $300,000 and promoted the ICOs without disclosing any of the payments he received.

Penalty:
The SEC hit Mayweather with a left hook that emptied more than $600,000 from his bank account, a drop in the (spit) bucket considering the more than $1 billion in career earnings that Money is reported to have made boxing.

Where is he now:
Boxing kickboxers in retirement, apparently.

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