Celebrities"have either invested in FTX or been brand ambassadors for the company" and hyped the exchange in ads and on social media, court papers say.
The celebrities helped promote the exchange, which declared bankruptcy in the United States last week in a meltdown that has reverberated across the digital currency landscape and drawn scrutiny from authorities in multiple countries. American football star Tom Brady and his supermodel ex-wife Gisele Bundchen, retired basketball great Shaquille O'Neal, tennis Grand Slam champion Naomi Osaka, actor/comedian Larry David, and Shark Tank investor Kevin O'Leary were among those named alongside FTX founder Sam Bankman-Fried in the suit filed in Miami federal court on Tuesday.
"FTX's fraudulent scheme was designed to take advantage of unsophisticated investors from across the country," the lawsuit alleges.
Source: Entertainment Trends (entertainmenttrends.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TSM FTX drops FTXFTX had signed a huge sponsorship deal with TSM. Lol seriously? they should return the money I wonder why?
Source: verge - 🏆 94. / 67 Read more »
Tom Brady, Larry David and other celebrities named in FTX lawsuitClass-action lawsuit alleges that the crypto platform FTX and former CEO Sam Bankman-Fried violated Florida law, misled customers and cost investors billions of dollars in damages. Zelenskyy had a friend in SBF and Biden. Americans do not have a friend in Zelenskyy. He and others like him are why NATO wanted no part of them. We in USA are the schmucks and suckers that make oligarchs out of Zelensky, SBF, and Biden family while Ukraine people die. Larry be like ToolWfh Full defendant list.
Source: NBCNews - 🏆 10. / 86 Read more »
Tom Brady and other celebrities named in class-action lawsuit against FTXThe Golden State Warriors, Shaquille O’Neal, Udonis Haslem, Larry David and others were implicated as well. You are also getting sued too. Why so? They just do it for real poor athletes scammed by SBF
Source: Cointelegraph - 🏆 562. / 51 Read more »
Tom Brady and Larry David among those accused of defrauding investors in FTX collapseSteph Curry, Shaq and Shohei Ohtani are among the names listed in a class-action lawsuit filed on Tuesday that alleges they promoted the crypto 'Ponzi scheme' to investors. Crypto isn't a Ponzi scheme, they just invested in the wrong company ran by SBF_FTX . FTX could have been something special. Amongst the rich, nothing should surprise. justinsuntron He lie trx withdrawel with trx not worked on 10.11.2022, the customers were forced to buy overpriced Tron at 0.33 cents to make the payout, but the deal didn't go through. He have to reverse the deal so people can get their original money back FTXbankruptcy ftx
Source: CBSLA - 🏆 552. / 51 Read more »
FTX lawsuit: Investor sues Tom Brady, Gisele Bundchen, Steph Curry as crypto contagion spreadsThe fallout from the spectacular implosion of crypto giant FTX has triggered a cascade of wide-reaching effects. Omg SBF_FTX caused Tom Brady’s divorce?! That son of a Bitcoin! MLB... The DNC should be held responsible for the FTXScam Ukrainian money laundering operation
Source: ABC7Chicago - 🏆 284. / 63 Read more »
Sam Bankman-Fried, Tom Brady and Other Celebs Sued in FTX Class-Action ComplaintSam Bankman-Fried, the founder of beleaguered cryptocurrency exchange FTX, and roughly a dozen celebrities have been sued in a class-action complaint that alleges that FTX took 'advantage of unsophisticated investors from across the country' and used some of the biggest names in entertainment and sp He's going to be playing until he's 80 to pay off creditors. FTX defrauded customers. Call it what it is. Unsophisticated investors = Hunter Biden and 10% for the big guy.
Source: WSJ - 🏆 98. / 63 Read more »