News

The Game Facing Many Millions Judgement Over Failed Cryptocurrency

By Benny Franklin
pixel_start

The Game is in hot water, again...

Last year, the Compton rapper lost in court to Priscilla Rainey over sexual assault charges, and now he is headed back to court over Cryptocurrency. 

According to Coin Telegraph, he is reportedly facing a $12 million judgment for his role in Paragon Coin Inc, which is a crypto firm alleged to have been involved in an unregistered initial coin offering back in 2017.

They marked the PRG tokens as a currency for the cannabis industry and raised $70 million between April 15 and October 15, 2017. 

Unfortunately for The Game, The founders of Paragon Coin have allegedly declared bankruptcy and fled the U.S.

The plaintiffs in the case claim that The Game “acted for his own gain or for Paragon’s gain," and now he is liable for $12 million-plus pre-and post-judgment interest.

 




 

View this post on Instagram

 








 


A post shared by Paragon (@paragoncoin)

pixel_end
Posted In: News The Game

Discuss

News New York Rapper Rowdy Rebel Takes Shot At LA Hoovers New York Rapper Rowdy Rebel Takes Shot At LA Hoovers / News News Kendrick Lamar Ban May Be Creeping Into Houston Kendrick Lamar Ban May Be Creeping Into Houston / News News Ice Spice Shows Off How She Lost The Weight Ice Spice Shows Off How She Lost The Weight / News News Steve Harvey Has to Apologize For Family Feud Greatest Rapper Of all Time List Steve Harvey Has to Apologize For Family Feud Greatest Rapper Of all Time List / News News Murda Beatz Knifes Fellow Canadian Drake Murda Beatz Knifes Fellow Canadian Drake / News News EST Gee's Manager Gunned Down In Louisville EST Gee's Manager Gunned Down In Louisville / News