THE GAME FACING $12M JUDGEMENT IN CRYPTOCURRENCY COURT

Started by Detroit24, Jun 26, 2021, in Music Add to Reading List

  1. Detroit24
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    Jun 26, 2021
    The Game is reportedly facing a $12 million judgment for his role in Paragon Coin Inc — a crypto firm alleged to have engaged in an unregistered initial coin offering (ICO) four years ago.

    Game publicly endorsed Paragon Coin ICO in 2017 and is now considered a team member and “statutory seller.”

    The company marketed the PRG tokens as a currency for the cannabis industry and raised $70 million between April 15 and October 15, 2017. When the plaintiffs initially filed a complaint in 2018, a judge determined they failed to clearly explain the firm had employed Game.

    But following an amended complaint, United States Federal District Judge Jeffrey S. White noted the plaintiffs have now provided sufficient evidence to show Game “acted for his own gain or for Paragon’s gain” in a California court on Wednesday (June 23). The Game is now liable for $12 million plus pre-and post-judgement interest.

    It’s unclear how or if Paragon would even pay back the money owed to investors. The founders have allegedly declared bankruptcy and reportedly fled the United States, leaving Game to deal with the lawsuits.

    Most of the couple’s old websites and social media accounts haven’t been active since mid-2019, when they posted on Instagram in July from Kiev, Ukraine.

    “I think they’re together and disappeared together,” Bogorad said. “Last we heard from them they were visiting the development team near Kiev, and then they vanished”.





     
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  2. Chrollo
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    Chrollo ♱ كرولو

    Jun 26, 2021
    Game probably just wanted to smash
     
    Apr 19, 2024
  3. Ricky
    Posts: 39,470
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    Ricky Hip-Hop CEO ™

    Jun 26, 2021
    Or finger b--- someone
     
    #3
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  4. Marsh
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    Marsh May 15th

    Jun 26, 2021
    This is why you can't live off just rap, dude should have kept doing movies/TV. Now he trying to make quick money off scamming people to pay that thot.
     
    Last edited: Jun 26, 2021
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  5. joeyp363
    Posts: 15,388
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    Jun 26, 2021
    Game is mentally r-----ed
     
    #5
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  6. Detroit24
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    Jun 26, 2021
    This chick def convinced him to get on board...flirting with him and so forth....maybe got down with him...now the investors want their money from this scam Game...you better do some concerts...he really needs a 50 feature now lol
     
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  7. Marsh
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    Marsh May 15th

    Jun 26, 2021
    You act like a 50 feature would help a lot in 2021. Not even an Em feat can help much these days.

    If 50 could make a hit he would keep it and release it.
     
    #7
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  8. Detroit24
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    Jun 26, 2021
    I think people would be hyped for a 50/Game track...I know I would...produced by Dre.
    .I think they had good chemistry....50 can write all the lyrics
     
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  9. Detroit24
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    Jun 26, 2021
     
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  10. Marsh
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    Marsh May 15th

    Jun 26, 2021
    Yeah, but they would have to push it. Cause we're getting Em feats that come and go in a week.
     
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  11. Marsh
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    Marsh May 15th

    Jun 26, 2021
    Game called them Gay Unit, and said Buck and Banks would leave G-Unit. Dude saw the future or something.

    This s--- is personal, and we now 50 is on another level when it comes to beefing.

    Buck's response

     
    Last edited: Jun 26, 2021
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  12. Detroit24
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    Jun 26, 2021
    Where is tony gayo?
     
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  13. thecanibus
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    thecanibus Updated by Slyk bc I was wishing death on someone

    Jun 26, 2021
    Lots of haters itt.
     
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  14. Marsh
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    Marsh May 15th

    Jun 26, 2021
    Chilling until 50 tours again this year
     
    #14
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  15. Marsh
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    Marsh May 15th

    Jun 26, 2021
    [​IMG]
     
    Apr 19, 2024
  16. Detroit24
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    Jun 26, 2021
    lmaooo everyone looks comfortable
     
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  17. Marsh
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    Marsh May 15th

    Jun 27, 2021
    Except Buck
     
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  18. J630
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    J630 Annoying af

    Jun 27, 2021
    Lmao
     
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  19. Marsh
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    Marsh May 15th

    Jun 27, 2021
    It's the truth. I think he only has done some movie cameos other than music.
     
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  20. Wreckless
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    Jun 30, 2021
    His bank account should cover it.

    [​IMG]
     
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    Apr 19, 2024