Lindsay Lohan, Akon and Ne-Yo fined for illegal promotion

Several high-profile celebrities, including Lindsay Lohan, Akon, and Ne-Yo, paid tens of thousands of dollars in fines to settle claims that they promoted cryptocurrency companies to their followers without disclosing that they were being paid promotions.

The group, which also included Lil Yachty, social media boxer Jake Paul, and Michelle Mason, agreed to pay more than $400,000 to the U.S. Securities and Exchange Commission (SEC) for promoting Tronix and BitTorrent to their millions of social media followers.

While none of the celebrities admitted or denied the SEC's findings, Lohan who announced recently that she’s pregnant, returned the $10,000 she was paid plus interest and paid a $30,000 fine.

Rapper Soulja Boy and pop singer Austin Mahone did not settle with the SEC.