SEC commences collection efforts against Steven Seagal for unpaid ICO penalty
The SEC has requested a writ of garnishment in order to collect the money Steven Seagal owes for an unpaid ICO fine.
The SEC has requested a writ of garnishment in order to collect the money Steven Seagal owes for an unpaid ICO fine.
The SEC seeks to undertake collection efforts including garnishments to collect what Steven Seagal owes the Commission.
Steven Seagal has 30 days to pay a civil money penalty in the amount of $157,000 to the SEC for illegal ICO touting.
As Steven Seagal has failed to respond to the SEC’s allegations, the regulator is now pushing for a judgment compelling him to pay $200,000.
Hollywood actor Steven Seagal has until July 9, 2021, to file any opposing papers to the SEC claims that he did not pay the full fine for ICO touting.
According to the SEC, Steven Seagal has not paid the full fine for promoting an investment in an initial coin offering (ICO).