Floyd Mayweather And Kim Sued For Allegedly Promoting Crypto Scam
New York resident Ryan Huegerich is suing the company behind the EthereumMax (EMAX) cryptocurrency, as well as the celebrities who backed it, for pushing a “pump-and-dump scam,” according to a new class-action lawsuit in California Federal Court.
In that, he says he’s acting on behalf of everyone who bought the EMAX coins — also known as ERC-20 tokens — between May 14 and June 27, 2021.
Although Huegerich has not shared just how much he spent on EMAX, he claims to have “suffered investment losses as a result of Defendants’ conduct,” as reported by Rolling Stones.
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Those defendants include Kim Kardashian, Floyd Mayweather, and former Boston Celtics star Paul Pierce — all of whom are being accused of “unjust enrichment” from “aiding and abetting” EMAX.
Huegerich claims their actions violates California’s Unfair Competition Law, which prohibits “any unlawful, unfair, or fraudulent business act or practice,” as well as California’s Consumers Legal Remedies Act, according to the complaint.
Representatives for Huegerich, EMAX, Mayweather, and Pierce did not immediately reply to Rolling Stone‘s requests for comment. A representative for Kardashian declined to comment.
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