Rapper The Game facing $12M judgment along with execs in ICO case

Cointelegraph

Published Jun 25, 2021 03:09AM ET

Updated Jun 26, 2021 04:40AM ET

Los Angeles-based rapper The Game, also known as Jayceon Taylor, is 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.

Taylor publicly endorsed the Paragon Coin ICO on social media back in 2017. Paragon touted its PRG tokens as a currency for the cannabis industry and raised $70 million from the public between April 15, 2017, and Oct. 15, 2017.

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