Tom Brady, Gisele Bündchen, Kevin O’Leary, and 9 Other Celebrities Named in FTX-Related Class-Action Lawsuit

Former FTX CEO Sam Bankman-Fried (SBF) and a fig of celebrities including Tom Brady, Gisele Bündchen, Stephen Curry, and Shaquille O’Neal person been named successful a class-action suit involving the alleged engagement successful deceptive practices with FTX. The suit was filed by the attorneys Adam Moskowitz and David Boies precocious Tuesday, and the suit alleges that SBF and the exchange’s associated celebrities promoted unregistered securities.

Class Action Lawsuit Accuses SBF and 12 Celebrities of Pumping a ‘Ponzi Scheme,’ Claims $11 Billion successful Damages Suffered

Sam Bankman-Fried, different known arsenic SBF, and 12 different defendants including the NBA squad the Golden State Warriors LLC, are named successful a class-action suit filed by Moskowitz and Boies connected behalf of the Oklahoma nonmigratory Edwin Garrison.

In summation to the NBA franchise, celebrities and good known individuals specified arsenic Tom Brady, Gisele Bündchen, William Trevor Lawrence, Kevin O’Leary, Naomi Osaka, David Ortiz, Stephen Curry, Udonis Haslem, Shaquille O’Neal, Shohei Ohtani, and Lawrence Gene David are besides defendants.

“FTX’s fraudulent strategy was designed to instrumentality vantage of unsophisticated investors from crossed the country, who utilize mobile apps to marque their investments,” Garrison’s ailment filed Tuesday says. “As a result, American consumers collectively sustained implicit $11 cardinal dollars successful damages.”

Moreover, the suit besides says that SBF’s cognition was nary much than a “Ponzi scheme” and celebrities “actively participated” successful its promotion, Garrison’s ailment insists. Additionally, the filing besides notes that emails and texts betwixt the defendants were decimated but the lawfirm was capable to get the evidence. The ailment notes:

Although galore incriminating FTX emails and texts person already been destroyed, we located them.

Garrison’s tribunal lawsuit Garrison v. Bankman-Fried, 22-cv-23753, was filed successful the Southern District of Florida. Garrison’s suit claims the actions of the celebrities, FTX, and SBF wounded “thousands, if not millions, of consumers nationwide.” The 13 defendants successful Garrison’s suit are accused of participating successful the “offer and merchantability of unregistered securities successful the signifier of yield-bearing accounts.”

What bash you deliberation astir the erstwhile FTX brag and 12 celebrities named successful the class-action suit that claims consumers suffered from $11 cardinal dollars successful damages from the FTX fallout? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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