Page 7 - Edwin Garrison News Today

Crypto firm FTX was sued Tuesday alongisde several stars, including Tom Brady and Shaquille O'Neal, over an alleged 'Ponzi scheme' using the stars' reputation.

U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including comedian Larry David, alleging they

The investor claims FTX used celebrities to promote the exchange’s unregistered securities and funnel investors into a Ponzi scheme.

U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including NFL quarterback Tom Brady and comedian Larry David, claiming they engaged in deceptive practices to sell FTX yield-bearing digital currency accounts.

Tom Brady, Steph Curry, and Trevor Lawrence are among those named as defendants in a proposed class action lawsuit against crypto platform FTX

The lawsuit alleges that FTX used some of the biggest sports stars in the nation "to drive consumers to invest in what was ultimately a Ponzi scheme."

The cryptocurrency exchange platform filed for bankruptcy last week.

Nancy Ann Paschal Garrison, 91, died peacefully surrounded by her family on December 14, 2021.