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 plenty of celebrities together with Tom Brady, Gisele Bündchen, Stephen Curry, and Shaquille O’Neal have been named in a class-action lawsuit involving the alleged engagement in misleading practices with FTX. The lawsuit was filed by the attorneys Adam Moskowitz and David Boies late Tuesday, and the swimsuit alleges that SBF and the trade’s related celebrities promoted unregistered securities.

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

Sam Bankman-Fried, in any other case referred to as SBF, and 12 different defendants together with the NBA workforce the Golden State Warriors LLC, are named in a class-action lawsuit filed by Moskowitz and Boies on behalf of the Oklahoma resident Edwin Garrison.

In addition to the NBA franchise, celebrities and well-known people similar to 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 additionally defendants.

“FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors from across the country, who utilize mobile apps to make their investments,” Garrison’s criticism filed Tuesday says. “As a result, American consumers collectively sustained over $11 billion dollars in damages.”

Moreover, the lawsuit additionally says that SBF’s operation was not more than a “Ponzi scheme” and celebrities “actively participated” in its promotion, Garrison’s criticism insists. Additionally, the submitting additionally notes that emails and texts between the defendants have been decimated however the lawfirm was capable of receive the proof. The criticism notes:

Although many incriminating FTX emails and texts have already been destroyed, we positioned them.

Garrison’s court docket case Garrison v. Bankman-Fried, 22-cv-23753, was filed within the Southern District of Florida. Garrison’s lawsuit claims the actions of the celebrities, FTX, and SBF damage “thousands, if not millions, of consumers nationwide.” The 13 defendants in Garrison’s lawsuit are accused of taking part within the “offer and sale of unregistered securities in the form of yield-bearing accounts.”

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