The fallout from the FTX collapse continues this week.
Former Red Sox slugger David Ortiz, quarterback Tom Brady, supermodel Gisele Bündchen, and Golden State Warriors guard Stephen Curry are just some of the names that have been named in a lawsuit filed this week that 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.
The lawsuit alleges that U.S. customers sustained $11 billion in damages and accused the exchange of targeting “unsophisticated investors from across the country.”
Investors have filed an $11 billion lawsuit against FTX and former CEO Sam Bankman-Fried, alleging they deceived "unsophisticated investors."
The lawsuit names celebrities that promoted FTX, including:
▪️ Tom Brady
▪️ Naomi Osaka
▪️ Larry David
▪️ Shaq
▪️ Golden State Warriorspic.twitter.com/bg9oGB2lsC— Front Office Sports (@FOS) November 16, 2022
Oklahoma resident Edwin Garrison is asking to represent a class of “thousands, if not millions, of consumers nationwide.” Garrison claims FTX used celebrities including Curry, Brady, Gisele Bundchen and Shaquille O’Neal to promote the exchange’s unregistered securities and funnel investors into a Ponzi scheme.
