The Game Gets Sued For $12 Million In Cryptocurrency Lawsuit

The Game is definitely one of the most popular and recognizable rappers in the Hip-Hop world. He is highly successful but it wasn’t always that way for the rapper as he worked hard to bring himself up from poverty.

However, despite all his hard work, The Game is also a controversial figure in the Hip-Hop world and now it seems he has landed himself in trouble yet again for an interesting reason.

According to a report by Coin Telegraph, Game publicly endorsed Paragon Coin ICO in 2017 and is now considered a team member and “statutory seller.”

The Game is now facing a $12 million judgment for his role in Paragon Coin Inc, which is a a crypto firm alleged to have engaged in an unregistered initial coin offering (ICO) four years ago.

The company marketed the PRG tokens as a currency for the cannabis industry and raised $70 million between April 15 and October 15, 2017. In 2018, a complaint filed by the plaintiffs was dismissed and it was stated that they failed to properly explain how The Game was hired in the firm.

However, after an amended complaint, United States Federal District Judge Jeffrey S. White noted the plaintiffs have now provided sufficient evidence to show that The 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.

The founders of Paragon have allegedly declared bankruptcy and fled the United States. The Game is most definitely in deep trouble now and it is not known how he week manage his way out of this one. We will keep you updated on this ongoing case.