Kevin Hart, a famous comedian, has been sued for his efforts in promoting the FLiK ICO that took place in 2018. The lawsuit alleges that FLiK had promised to revolutionize the entertainment world. However, the project failed and investors lost over $2 million of their money. Those investors who invested in the project are now going after anyone they believe was involved in the project.

The Lawsuits

Initially, the investors had used the team behind FLiK for the sale of unregistered securities via celebrity endorsements and a misrepresentation of the facts. Earlier this year, the investors amended the lawsuit to include a $7 million lawsuit against Kevin Hart in particular. They believe that Hart played a huge role in promoting the scam due to his huge following online.

Various other people, including celebrities, have been named in the lawsuits by the investors. For instance, Clifford Harris Jr. who goes by the stage name T.I. was sued but he was acquitted by a US court of any charges of wrongdoing. Besides that, Ryan Felton, the FliK CEO has also been sued.

The dismissal of the lawsuit against T.I. was a huge blow. However, there are some differences worth pointing out. For instance, the lawsuit notes that Hart has over 400 million followers on all social media platforms where he has a presence. Besides that, they note that after he made a post about FLiK, the value of the tokens jumped by 400%. However, the value later dropped back to almost zero due to a lack of hype around the coin. Thus, they claim that the huge price change shows that Hart was extremely important for the success of the FLiK ICO.

The FLiK ICO

The FLiK ICO was held in September 2018. They launched their ICO with a lot of pomp and color. The project’s Whitepaper claimed that FLiK would be a new ecosystem for the entertainment sector. Participants would be able to receive funding for a film, get it distributed, and be paid within the ecosystem.

Will the Lawsuit Succeed?

The lawsuit is unlikely to succeed after their lawsuit against T.I. failed. They would need to prove that Hart was hyping a project. Simply telling his followers to view a project in the crypto sector is not the same as promoting a project.

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