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Floyd Mayweather, DJ Khaled Off Hook in Coin Offering Promo Case

May 13, 2019, 8:36 PM

Boxer Floyd Mayweather Jr. and music producer DJ Khaled won’t have to face accusations of misleading investors about a 2017 initial coin offering, a federal judge said May 13.

Mayweather and Khaled took part in a marketing campaign for Centra Tech Inc.'s $32 million ICO. But there’s no evidence their social media posts led investors to purchase the company’s tokens, the U.S. District Court for the Southern District of Florida said.

Khaled twice took to his Instagram account to tout the Centra Tech offering with photos of himself holding a branded debit card. Mayweather posted a similar photo to ...