Ashton Kutcher Could Face Federal Probe
'Guest editor' actor invested in companies touted by Details ; who knew?
By Mary Papenfuss, Newser Staff
Posted Aug 19, 2011 3:17 AM CDT
Updated Aug 19, 2011 5:19 AM CDT
Ashton Kutcher wears a creation from the Colcci collection at the Sao Paulo Fashion Week early this summer.   (AP Photo/Andre Penner)

(Newser) – A guest editorship may land Ashton Kutcher in trouble with the feds. An online-only "Social Issue" of Details touted several tech start-ups and failed to clearly note that guest editor Kutcher is an investor in several of them, discovered Gawker. He may have even run afoul of the law. "If you’re out there promoting individual products that you have a specific investment in, it needs to be disclosed,” Richard Cleland, assistant director of advertising practices at the FTC, tells the New York Times. “If you have a significant economic investment that is not otherwise apparent, that may potentially affect the credibility of your endorsement, and I see that as a potential problem.”

Cleland didn't say definitively that Kutcher would be questioned but said it's "certainly a possibility that a case like this could be investigated." Kutcher representatives had no immediate comment. But Details (regular) editor Dan Peres said: "I stand by how we communicated Ashton’s involvement with some of the companies in our coverage, and remain extremely proud of the work we did.” Details noted in the introduction to the issue only that Kutcher "puts his money where his mouth is, backing many of the companies he champions here." Kutcher may also have run afoul of an SEC regulation requiring a "quiet period" from investors who may know about a company's pending initial stock offering.

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Showing 3 of 4 comments
mlondeaux
Aug 22, 2011 3:34 AM CDT
I think MacGardner should win the national record for Longest Post Ever. You somehow took a story about Ashton Kutcher not giving full disclosure and turned it into a tirade against the Republicans. I bet you can insert your comment into ANY story on the web and feel that it somehow applies to the topic.Get real. They ALL lie.
texron
Aug 22, 2011 12:29 AM CDT
I hope the Federal probe ....turns into a Anal PROBE !
MacGardner
Aug 20, 2011 2:23 AM CDT
The very first thing the feds should be investigating is the manipulation of evert major stock exchange in the world by the Tea Party republicans. It might be very interesting to be able to see what each member of congress's holdings were in the year prior to the "debt ceiling" crisis and see how many of them dumped their stocks prior to the deadline of August 3rd, and also how many of them were holding short positions on stocks prior to that date also. "W" Bush dumped his failing oil company just weeks before it began to tank, and when the scandals involving Enron, World Com, and Global Crossing "hit the fan" he was asked his opinion on those companies "cooking the books." Bush said, "Hell, everybody cooks the books." Remember, Michelle Bachmann told everyone there would be no consequences as far as a downgrade of the US creidt rating if the country defaulted, and there also would be no big drop in the stock markets,. She said that those statements were just "scare tactics" used by the democrats. These are but two examples of how ignorant this lady really is. She's also on record in saying that President Obama created $14 Trillion in deficits, and stated that she and her husband "did not gain personally" from almost $500,000 in federal grants to their clinic, medicaid payments, her Fannie Mae backed mortgage of about $400,000, and the farm subsidies given to their family owned farm. These are but a few reasons why she has a truthful rating of LESS THAN 5 PERCENT, which qualifies her as the biggest liar in political office. As of 60 days ago out of 22 major speeches and policy statements, she told the truthn ONE TIME. HER biggest catagory was 8 instances of "pants on fire" lies (these are lies which are deliberate and outrageous, instances in which she knew they were total lies and still spouted them. The next catagory was 7 instances of "totally false. " These were complete absolute lies, but could be attributed to ignorance. The next catagory was 4 instances of "mostly false", then came 2 cases of "half truths" ZERO "mostly true" and ONE SINGLE INSTANCE OF TELLING THE COMPLETE TRUTH. Since then, I've hear several of her statements and speeches, and have yet to hear her tell the truth EVEN ONCE. I've heard that she's about to adopt the "Burger King" figure as her mascotm because she is the new 'HOME OF THE WHOPPER." It looks like Rick Perry is going to challange her to see if he can beat her national record so far of "tells the truth about 5 percent of the time."