Reality TV star Kim Kardashian launched a private equity fund, Skky Partners, which she co-founded with Jay Sammons, a former partner at the investment firm Carlyle Group.
Photo by James Devaney/GC Images via Getty Images
Kim Kardashian’s crypto misadventure has landed her in hot water with federal regulators.
The reality TV superstar and influencer has settled Securities and Exchange Commission charges that she failed to disclose a payment she received for touting a crypto asset on her Instagram feed, the agency announced Monday morning.
“This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors,” Gary Gensler, chairman of the SEC, said in a news release.
Representatives for Kardashian didn’t immediately respond to a request for comment.
Kardashian, who is reportedly worth $1.8 billion, agreed to pay $1.26 million to settle the charges...
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