Paul Pierce's bank account is about to take a huge hit ... the ex-NBA star has agreed to pay $1.4 MILLION after authorities accused him of improperly promoting crypto on his social media page.
The Securities and Exchange Commission announced the settlement on Friday ... after it charged the former Celtics forward over the way he promoted and spoke about EMAX tokens on his Twitter account.
According to the SEC, Pierce touted the EthereumMax products "without disclosing the payment he received for the promotion." It also said Peirce made "false and misleading promotional statements" about the product as well.