Lil Yachty Hauls UK Music Company into Court in California Over Use of His Name and Image in NFT

Lil Yachty Hauls UK Music Company into Court in California Over Use of His Name and Image in NFT

By Steven T. Lowe / October 25, 2022

On August 3, 2022, U.S. District Judge for the Central District of California, Michael W. Fitzgerald, denied a motion to dismiss a case filed by Miles Park McCollum, professionally known as “Lil Yachty,” against two crypto companies called Opulous and Ditto. Opulous sells “non-fungible tokens” (“NFTs”). An NFT is essentially a digital certificate or token…

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U.S. Prosecutors Crack Down on Fraudulent NFT Project Creators

By Steven T. Lowe / August 4, 2022

On March 24, 2022, an unsealed complaint before the U.S. District Court for the Southern District of New York charged two individuals with conspiracy to commit wire fraud and conspiracy to commit money laundering based on an alleged fraudulent NFT project scheme titled “Frosties.” In January 2022, the Internal Revenue Service Criminal Division and the…

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