As we reported the other day Rapper T.I.has been ordered to pay $75,000 for his involvement in film producer Ryan Felton’s cryptocurrency fraud
A spokesperson for the Grand Hustle boss issued the following statement to clear Tip’s name
“Mr. Harris regrets his involvement with Mr. Felton,” the spokesperson told DX. “He attempted to help a local entrepreneur who presented an innovative idea for a streaming online platform that would help reduce the barriers of entry for creators of music and video content. Regrettably, Mr. Felton apparently never built the platform he promised T.I. and many others, and instead sought to profit from Mr. Harris’s popularity and reputation.”
The statement continues, “Mr. Harris never took a dollar from Mr. Felton’s failed venture and immediately removed his name from it once he learned that the project was undeveloped. Mr. Harris responded to all inquiries made by the SEC, and the settlement announced [Friday] is in full satisfaction of that investigation. Mr. Harris will continue to look for ways to help new artists gain access to digital distribution.”
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