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Musician T.I. was named in an investigation by the Securities and Exchange Commission on Friday in a fraudulent initial coin offering scheme.The SEC said T.I. will not be criminally charged, but settled on a ,000 fine and he has agreed to not participate in offerings or sales of digital-asset securities for at least five years.Film producer Ryan Felton is facing criminal charges, allegedly promised to build a digital streaming platform for FLiK, and a digital-asset trading platform for CoinSpark. Instead, Felton allegedly misappropriated the funds raised in the initial coin offerings, the SEC said.Felton is facing charges of violating registration, anti-fraud, and anti-manipulation provisions of the federal securities laws.T.I. was allegedly involved in promoting Felton’s scheme. The SEC said that T.I., and his social media manager William Sparks, Jr., offered FLiK tokens on T.I.’s social media accounts.“The federal securities laws provide the same protections to investors in digital asset securities as they do to investors in more traditional forms of securities,” said Carolyn M. Welshhans, Associate Director in the Division of Enforcement. “As alleged in the SEC’s complaint, Felton victimized investors through material misrepresentations, misappropriation of their funds, and manipulative trading.”Felton was also accused of manipulative trading to inflate the price of SPARK tokens.The SEC said that Felton made an addition .2 million in profits, and used money he allegedly misappropriated to buy a Ferrari, a million-dollar home, diamond jewelry, and other luxury goods. 1608
NASHVILLE, Tenn. — NewsChannel 5 has partnered with the Community Foundation of Middle Tennessee (CFMT) to establish the “Nashville Neighbors Fund” to support downtown residents and businesses affected by the Christmas Day explosion along the riverfront. The explosion, which was felt across much of Middle Tennessee, injured at least three and caused extensive damage to multiple buildings.The CFMT said grants from the Nashville Neighbors Fund will be made to nonprofits providing services for both the immediate and long-term needs arising from the explosion.“Our work helps free nonprofits up to concentrate on delivering vital services while we 'connect generosity with need' and our community sets out to rebuild. We know when disasters strike, there are no quick fixes,” said Ellen Lehman, president of The Community Foundation of Middle Tennessee.Gifts can be made to the Nashville Neighbors Fund at www.CFMT.org/neighbors. or by calling The Community Foundation at (615) 321-4939. This story was originally published by Laken Bowles at WTVF in Nashville, Tennessee. 1082

NATIONAL CITY (CNS) - Stephen Manganiello will take over as acting city manager of National City in April, retiring city manager Leslie Deese announced Wednesday.Manganiello will begin his new role on April 2, when Deese is set to retire after serving in the National City government for 33 years. She has served as city manager since 2012, when the City Council unanimously appointed her to the post.According to Deese's office, some of her chief accomplishments in office include establishing a pension fund, helping the city reach an A+ bond rating and securing several multi-million dollar grants.Manganiello has served in the National City government for 12 years and has served in a dual role as the director of public works/city engineer since 2012."The City Council and I wish the very best for Leslie (Deese) on her retirement and are excited to have Acting City Manager Steve Manganiello, who is a familiar voice at the table, to help us continue to move city business forward," National City Mayor Alejandra Sotelo-Solis said in a statement.Manganiello will serve as acting city manager until a permanent city manager is chosen, according to the city. The City Council expects to have a permanent city manager in place by the end of May.During Manganiello's temporary assignment, Deputy City Engineer Roberto Yano will serve as acting city engineer, according to the city. 1391
MILWAUKEE -- If forcing a decisive Game 7 was the main victory for the Milwaukee Bucks at the BMO Harris Bradley Center Thursday night, mascot Bango's antics were certainly the "icing on the cake."During a timeout, Bango appeared with a fan in the crowd who was celebrating his birthday. The appearance was quickly derailed, however, by a braggadocious fan wearing a Boston Celtics t-shirt. 404
MONTEREY, Calif. (KGTV) - A California State University, Monterey Bay professor will receive a substantial grant from the Defense Department to find methods to harness fog. The 6,589 gift will fund research on ways to use mesh-based devices to collect water circulating in fog, according to CSUMB. The DoD is interested in the study to collect usable water for drinking or irrigation, which may be useful for military personnel in remote foggy regions. "The presence of fog affects visibility and can impact Army operations,” Julia Barzyk, the program manager for Earth Materials and Processes at the Army Research Office told CSUMB. “We are excited that this award will enable the science needed to mitigate those effects as well as provide opportunities to develop the next generation of scientists." College of Science Professor Dan Fernandez, who has a doctorate in electrical engineering, plans to buy two FM-120 Fog Detectors for his research. There are 106 of the devices in the world, Fernandez reported.“We live in a region where coastal fog is an important aspect of our place. It makes sense that this effort is taking place here and that it can also involve our students who then get to experience the fog both personally, while attending CSUMB, and by participating in state-of-the-art research involving fog,” Fernandez told CSUMB. 1356
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