Home / News & media website / Financial / Steven Seagal Living In Russia To Escape US Crypto Fine


He was once one of Hollywood’s favourite

action heroes and lived a life of luxury in the United States. Now Steven Seagal is living in Russia, hiding from courts in the United States.

The US Securities and Exchange Commission (SEC) says the actor has to pay more than $200 000 in fines and they’re ready to collect.

The hefty fine is based on Seagal failing to disclose that he was being paid to promote a digital token. Several years ago the actor urged his followers on social media not to miss out on the opportunity to buy Bitcoiin2Gen, a digital token.

The SEC then made allegations against him for not disclosing that he’d been promised cash to the value of $250 000 and $750 000 in tokens. Without admitting or denying wrongdoing, Seagal settled the allegations.

He made one payment of $75 000 but failed to pay the total of more than $330 000.

Now, News24 reports that a federal judge in Brooklyn, New York, said the SEC can go through Seagal's business manager to try and collect the outstanding amount.

In 2016 Russian President Vladimir Putin gave the actor Russian citizenship. Seagal hoped that this would stop the SEC from coming after him, but it seems as if hiding in a foreign country with a foreign passport can’t get him out of this mess.

Image credit: NPR

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