Don't let Tom Brady lead you astray: Big names hawking FTX and other crypto investments can mean only one thing for your finances

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

OPINION: Tom Brady, the Tampa Bay Buccaneers quarterback, is among a few other famous names who invested and promoted FTX. Celebrities and sports stars hawking investment products is a big red flag – as they are losing money themselves.

Former sports stars and celebrities pitch all sorts of financial products, including, most recently, cryptocurrencies.With all that saturation, you may feel you are missing out if you do not jump in. But are these good investments for you? On the whole, probably not.

They are now losing big time and making headlines for a different reason, as the company has declared bankruptcy and its CEO is in the crosshairs of regulators including the Securities and Exchange Commission. Above all, check the adviser’s experience, education and objectivity, not celebrity status. Just because a financial company is on television or on social media, that does not necessarily mean the investment is good for you. Their presence simply means the company has a large amount of marketing dollars. Be careful where you get your financial advice. Experience and objectivity matter.

If you do not, then this is no place to put your money. Finances are complicated. False gurus tend to sell products that are meant to appear complicated to show their wisdom. However, often the investment is to their benefit, not yours.Beyond asking them for this information, check with the Financial Industry Regulatory Authority. The body’s database sorts through registered investment professionals’ credentials and history. If they are not listed there, you want to know why.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Crypto and nft promotions by celebrities allow scammers to flourish.

The author of the article makes sub $270k/year Often, under $2700 / year. My take:

We are all greedy. It's human nature 😂😂

I dont believe this sorry butmy Tom Brady is a good person and a dsmn good QB

gtconway3d He can use the ppp loan he got.

Still waiting on the Media Call To Arrest Scam Bankrun Fraud SBF. Dem donation darling and all these media clowns are protecting the biggest fraudster in the history of the planet. Some kind of PRIVILEGE!! Put your favorite word in front of “privilege”, but make it accurate.

When will people learn to study how fallacies function? Logic should be taught to every high school student as part of their curriculum. Use of or appeals by authority or other popular figures (speaking about things outside of their competence) is just one method to persuade.

gtconway3d Tom Brady is a creep. He used to be a nice guy until, or just before, Giselle. Bridget Monahan dodged a bullet by breaking up with him. Entitled, arrogant Creep. Good on the field, a jerk in the world. Oh, and zero presence on screen. Go away, Tom. Retire already and stay home

gtconway3d In the red same way Bernie Meadow conned so many, at least some who can afford it also took this hit.

gtconway3d It seems like after decades of almost nothing going wrong for Brady, almost everything has gone wrong for him in the last year. Maybe his pact with the 👿 has expired?

gtconway3d 'Fortune favors the brave.' - Crypto ad. 'A fool and his money are soon parted' - 16th century proverb.

gtconway3d Don’t give a crap. Makes no difference who

gtconway3d This!

gtconway3d tbc they're not 'losing money' they're buying islands with your nest eggs

gtconway3d One of these that disgusted me the most was when I saw Matt Damon using “Fortune favors the brave” on unsuspecting people in a Super Bowl ad. I lost a lot of respect for him when I saw that. Obviously, a person can be a very good actor and be a bad person.

And you're telling this now to the public? This shit happened even in the previous Bitcoin cycle, and repeats every cycle. This is a gigantic and complex Ponze that's thirsty for suckers with FIAT.

Its 'you're.'

Something is wrong with this guy's eyes.

Funny that it's them who will have a chance to talk how hard it is now in your favourite breakfast show, not the single mothers or dads that were lured into this f scam or even broke students, it will be celebrities that lost their fortunes with questionable approach.

Ibelievethefed i wonder how far in advance he was told, went back to NFL to make $$$, cause he didnt want to pull a Martha Stewart. Take L & make it back.

“Don’t trust the bank, Trust Bankman”. TomBrady

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:

 /  🏆 3. in US

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.

Tom Brady, Steph Curry and Kevin O’Leary set to lose big from FTX bankruptcy filingFormer FTX CEO Sam Bankman-Fried lost his entire $16 billion fortune – in just a few days after his company filed chapter 11 bankruptcy protection. Investors’ money could be wiped out by the bankruptcy filing. it wasnt a fortune it was flugazy .. he didn't lose he stole .. and hes still on the run .. where is everyone?! I'm sure the rich and famous will find a way to get their cash back if they haven't already... It's the simple Joe that always gets screwed. Let’s be clear. SBF is still very rich. He lost many billions but not his entire fortune.
Source: MarketWatch - 🏆 3. / 97 Read more »

FTX CEO John Ray Confirms Late-Night Hack, Says Company Is Working With Law EnforcementNew FTX_Official CEO John Ray said the company is “in contact with, and are coordinating with law enforcement and relevant regulators” after last night’s hack. cheyenneligon reports FTX_Official cheyenneligon “Hack” 😒 FTX_Official cheyenneligon Fraud ftx 😭😭😭😭 i lost everything in my life FTX_Official cheyenneligon
Source: CoinDesk - 🏆 291. / 63 Read more »

FTX Founder Secretly Moved Funds Through Backdoor: FTX InsiderFTX insider has reportedly stated that recent FTX 'hack' was illegal withdrawal of funds from FTX to Alameda Research vydamo_ MarioNawfal Aren’t you surprised to see everyone is silent on this? vydamo_ MarioNawfal Is there anything like it? vydamo_ MarioNawfal Theyy don’t want youu to know thiss
Source: Utoday_en - 🏆 295. / 63 Read more »

'Never throw the ball to Brady': Twitter reacts to Tom Brady slipping, tripping on interceptionThe Tampa Bay Buccaneers' Tom Brady is the most celebrated quarterback in NFL history. But maybe he shouldn't run any more pass routes.
Source: Florida Times-Union - 🏆 600. / 51 Read more »

Tom Brady gifted Bucs-themed lederhosen, jokes that backup will wear them during game in MunichTom Brady was gifted German lederhosen in a press conference in Munich Friday. The Bucs and Seahawks will play the first-ever NFL game in Germany Sunday. He looks old and frail He bring his FTX buddy Moobs with him on the trip?
Source: FoxNews - 🏆 9. / 87 Read more »