Floyd Mayweather had to come out of pocket more than $ 600 , 000 to settle charges brought against him by the SEC for his role in a cryptocurrency scandal . . . officials have announced .

>>> As we previously reported , Floyd and DJ Khaled both went to social media in 2017 to promote a crypto coin called Centra . <<<


The problem according to the Securities and Exchange Commission . . . neither star disclosed that they were getting paid to promote the coin . . . which is a violation of federal law . Turns out , Floyd received $ 300 , 000 to promote the coin and DJ got $ 50 , 000 .


Officials previously said the company behind the coin was operating illegally , misleading investors and several of the execs listed on the company website don ' t really exist . The whole thing was essentially deemed a giant scam.
The SEC brought charges against both Floyd and Khaled - - but they both were able to settle their cases behind closed doors after writing big checks .

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