The secret has been revealed. The SEC has a no-nonsense approach to reprimands. After the SEC discovered that Ashton Kutcher and his wife, Mila Kunis, were making unregistered offers of crypto asset securities, the couple reportedly owes $1 million in fines.
In a separate press statement, the government agency alleged that Kutcher and Kunis were misleading investors with their new series, “Stoner Cats.”
The announcement claims the project sold over 10,000 NFTs for a profit of $8 million to finance the animated series, but the SEC claims the project violated the Securities Act of 1933 “by offering and selling these crypto asset securities to the public in an unregistered offering that was not exempt from registration.”
In “Stoner Cats,” starring Kunis, Kutcher, Chris Rock, Jane Fonda, and a host of others, a colony of felines tries to care for their pot-smoking, dementia-afflicted master.
The showrunners purportedly said that buying an NFT was beneficial because the purchaser would be able to resell it for a profit at a later date. The SEC claims that this boasting misled investors into thinking that they would make money off of the potential increase in the secondary market price of Stoner Cats NFTs due to the series’ popularity.
The organization was revealed to have developed the token in order to earn a 2.5% royalty on all NFT sales made through digital channels.
“Registration of securities, including crypto-asset securities, protects investors by providing them with disclosures so that they can make informed investing decisions,” said Carolyn Welshhans, associate director of the SEC’s Home Office. “Stoner Cats” were interested in making money from selling securities to the public but failed to take into account the legal obligations that come with doing so.
Take a look at the below tweet about Ashton Kutcher and Kunis being fined:
— New York Post (@nypost) September 14, 2023
In light of the series’ recent criticism, it has been mandated to “return monies that injured investors paid to purchase the NFTs.” As part of the settlement, “Stoner Cats” has “also agreed to destroy all NFTs in its possession or control and publish notice of the order on its website and social media channels.”
The couple’s problems with SEC are only the most recent of several scandals surrounding the “That ’70s Show” star. First, it was discovered that Kutcher and his wife had provided character references for their former co-star Danny Masterson, who is currently serving a sentence of 30 years to life in prison for the r*pe of a minor.
The inventor of “Punk’d” and the star of “Bad Moms” eventually backtracked, claiming that the letters were never intended for anybody except the court to see. “We are aware of the pain that has been caused by the character letters that we wrote on behalf of Danny Masterson,” Kutcher said in an Instagram video.
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We stand with the victims. Kunis continued, saying the letters “were not written to question the legitimacy of the judicial system or the validity of the jury’s ruling.” “We have done this historically through our work and will continue to do so in the future,” he said.
“Our heart goes out to every single person who has ever been a victim of s*xual assault, s*xual abuse, or r*pe,” Kunis said in conclusion.
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