Atlanta rapper T.I, real name Clifford Harris Jr, has been cleared of securities fraud charges stemming from his alleged promotion of the FLiK ICO. However, fellow defendants, businessman Ryan Felton, along with actor and comedian Kevin Hart, still have a case to answer.
Court Clears T.I. of Securities Fraud Charges
According to Law360, the U.S. Court of Northern Georgia dismissed state securities fraud and other claims brought against T.I. Back in November 2018, Bitcoinist reported that aggrieved FLiK ICO investors sued the rapper for participating in a fraudulent pump and dump ICO scheme.
The affected investors claim to have lost $2 million to the FLiK ICO scam following the alleged promotional activities of T.I. and the other defendants. Delivering judgment on the case, U.S. District Judge Charles Pannell Jr., sided with T.I.’s…
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