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The founder of collapsed crypto exchange FTX and celebrity endorsers including NFL star Tom Brady, his ex-wife Gisele Bundhcen and comedian Larry David have been accused of engaging in “deceptive practices”.
Ex-billionaire Sam Bankman-Fried and crypto exchange FTX were sued Tuesday alongside several celebrities, including Tom Brady and Shaquille O’Neal, over an alleged effort to use the stars’ reputation to trick customers into participating in a “Ponzi scheme,” according to court documents.
The Golden State Warriors, Shaquille O’Neal, Udonis Haslem, Larry David and others were implicated as well.
US crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including NFL quarterback Tom Brady and comedian L..