Tom Brady and Larry David among those accused of defrauding investors in FTX collapse

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Steph 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.

A proposed class-action filed in federal court in Florida late Tuesday names those four, along with other athletes and entertainers, as defendants in the case. All promoted FTX, one of the world's largest crypto trading platform exchanges before it declared bankruptcy on November 11, with the company now under investigation for possible securities violations.

"It is still very difficult to comprehend that just one company defrauded more than $11 billion dollars from consumers, all from our backyard here in Miami," Adam Moskowitz, the attorney leading the class action, said in an email. As part of a $20 million ad campaign, Brady and Bundchen in 2021 filmed a commercial called"FTX. You In?"David, the creator of"Seinfeld" and"Curb Your Enthusiasm," appeared in anOther current and former athletes named in the suit are NBA star Stephen Curry; NFL quarterback William Trevor Lawrence; baseball player Shohei Ohtani; tennis player Naomi Osaka; and broadcaster and former basketball player Shaquille O'Neal.

The exchange shuffled customer money between affiliated entities, using new investor funds and loans to pay interest to the old ones in an attempt"to maintain the appearance of liquidity," Moskowitz alleged, adding that FTX used public figures to give the operation an air of credibility.

That means FTX account holders, who used the platform to trade bitcoin, ethereum and other digital currencies, may have to wait years

 

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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

Amongst the rich, nothing should surprise.

Crypto isn't a Ponzi scheme, they just invested in the wrong company ran by SBF_FTX . FTX could have been something special.

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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.
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