A class action lawsuit against T.I. has been dismissed in a U.S. appellate court for exceeding the statute of limitations period, according to Courthouse News Service.
The Atlanta rapper — real name Clifford Joseph Harris Jr. — was accused of violating securities law for selling unregistered FLiK tokens in 2017 with business partner Ryan Felton. Investor Kenneth Fedance purchased $3,000 worth of FLiK and sued the pair in 2019, accusing them of three securities violations in the U.S. Northern District Court of Georgia.
Court documents filed in the U.S. 11th Circuit show on Monday (June 21) show circuit judge William Pryor, district judge Emily Coody Marks and chief judge Robert J. Luck supported a decision by a lower court to dismiss the complaint. In the documents, judge William Pryor even referenced hit singles from T.I.’s Paper Trail and T.I. vs. T.I.P. albums.
“Anyone in Fedance’s position could say ‘You Know What It Is,’” he wrote. “In conclusory fashion, Fedance alleges that neither he nor putative class members could bring claims for the sale of unregistered securities within the one-year limitations period because Felton and Harris fraudulently concealed the facts necessary to reach the legal conclusion that FLiK Tokens were securities. But you cannot make fraudulent concealment mean ‘Whatever You Like.'”
Kevin Hart was named in the documents among a number of celebrities for promoting FLiK on Twitter in 2019.
T.I. Announces Rap Retirement With Final Album 'Kill The King'
In September 2020, T.I. was ordered to pay $75,000 for his involvement in cryptocurrency fraud and not participate in offerings or sales of digital-asset securities for five years.
“Mr. Harris regrets his involvement with Mr. Felton,” a spokesperson for T.I. told HipHopDX at the time. “He attempted to help a local entrepreneur who presented an innovative idea for a streaming online platform that would help reduce the barriers of entry for creators of music and video content. Regrettably, Mr. Felton apparently never built the platform he promised T.I. and many others, and instead sought to profit from Mr. Harris’s popularity and reputation.
“Mr. Harris never took a dollar from Mr. Felton’s failed venture and immediately removed his name from it once he learned that the project was undeveloped. Mr. Harris responded to all inquiries made by the SEC, and the settlement announced [Friday] is in full satisfaction of that investigation. Mr. Harris will continue to look for ways to help new artists gain access to digital distribution.”
Article about T. I. has a headline that contains pretentious wording…that’s genius.
Some shit t.i. would say .. incontrovertible
Indictment Coming Soon.
Wow, Hater….
I wonder if this ignorant writer knows ti’s real first name is Clifford not Joseph as stated in the article.
When did his name become Joseph? I thought it was Clifford for some reason
Clifford Joseph Harris
That is so true his name is Clifford and what I noticed they showed his family as the modern day Cosby’s and jus like Cosby look what they r doing with him this is what happens when u sighn with the people who really run the show and start feeling yourself as in u r untouchable etc. They come and take it all what the devil gives he takes in the words Kendrick Lamar ” be humble sit down” man I am a true fan of t.i. and respect his rise from the streets to where he is I pray that him and his family b safe from it all
All ima say is AMEN AMEN AMEN AMEN towards and surrounding TI Tiny & their immediately family…..its trully without any doubts simply disgusted how they are being USED like “trash” too the American people…..cause of jealousy & HATRED!!!! My opinion I’ll stick too just that!!!! #MADLOVEFORTHEHARRISFAMILY
U guys are horrible writers , I have no clue what u guys are saying ,ur pronunciation gives me a headache , ever heard of a editor?!!
All I can say my brother is go back to your first look let’s Jesus cuz the devil is busy here to kill still and destroy you already see the haters you see the people trying to get you down but God is trying to tell you something come back to him stay with your first love next Jesus himself and I can’t say no no I know better go back to God baby sorry you need to do whatever you doing just go back to God
“go read a book you illiterate son of a bitch (and step up yo’ vocab)”
Hes a federal informant
Hes going to be fine lmao
Troll
WELL I DON’T UNDERSTAND WHY, YOU ASK WHAT DO THAT YOU NEED TI I WILL BE YOUR FAN ALL THE TIME.
Ditigal God is where he needs to be.dont look for me to sale n digital sales