The proposed class action alleges that FTX was a “Ponzi scheme” that fraudulently shuffled customer funds between its affiliated entities. It accuses the company and its endorsers of promoting unregistered securities.
“Part of the scheme employed by the FTX Entities involved utilizing some of the biggest names in sports and entertainment — like these Defendants — to raise funds and drive American consumers to invest,” reads the complaint filed on Tuesday night in Florida federal court.
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FTX investors sue Sam Bankman-Fried and celebrity endorsersThe proposed class action names Tom Brady, Gisele Bündchen, Stephen Curry, Larry David and others who have appeared in commercials for the cryptocurrency exchange. 🖕🖕🖕 him little Puke 🤢🤮 How did anyone think investing with him was a good idea? He doesn't even invest in his appearance. Maybe the media will pretend to be journalists
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FTX's Bankman-Fried, celebrity promoters sued in US by crypto investorsU.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including comedian Larry David, alleging they engaged in deceptive practices to sell FTX yield-bearing digital currency accounts. 🤣🤣🤣 If you 'invested' in crypto because Larry David to you... I hope you lost all your money I lost everything I put into that
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Warriors, Steph Curry being sued along with Tom Brady, others over FTX endorsementFTX and its former CEO, Sam Bankman-Fried, were sued over claims the platform targeted “unsophisticated investors” using celebrity endorsers including Tom Brady, Gisele Bundchen, Shaquille O’Neal, …
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