The Game Liable For Over $12M In Cryptocurrency Court

hiphopdx June 26, 2021 The Game 151
The Game Liable For Over $12M In Cryptocurrency Court

Paragon Coin Inc a crypto firm alleged to have engaged in an unregistered initial coin offering (ICO) four years ago briefly employed The Game.

Game acted for his own gain or for Paragons gain in a California court on Wednesday (June 23). The Game is now liable for $12 million plus pre-and post-judgement interest. Its 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. Game is already on the hook for over $7 million, stemming from a sexual battery lawsuit filed by former She Got Game contestant Priscilla Rainey. Rainey took Game to court in 2016 and the trial ended with a federal jury ordering him to pay Rainey $7.1 million out of the $10 million she was originally seeking. Rainey was awarded a default judgment after The Game didnt respond to the initial suit. He said he wasnt properly served the papers for the case and was in the Netherlands at the time of the hearing. In 2017, he filed a $20 million negligence lawsuit against Viacom VH1s parent company Read more

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