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IPFS News Link • Lawsuits

Tom Brady, Larry David and Other Celebs Face Class Action Lawsuit over FTX Endorsements

• https://needtoknow.news by DailyMail

A class action lawsuit was filed by some investors who lost money against celebrities who were involved in marketing campaigns for FTX, including Tom Brady, his ex-wife Gisele, comedian Larry David, Shaquille O'Neal, NBA legend Steph Curry and tennis star Naomi Osaka. Tom Brady and Gisele may have lost as much as $50 million themselves. It is believed that FTX spent around $1 billion on marketing and celebrity endorsements. 

Numerous A-list celebrities are still facing a major lawsuit following Sam Bankman-Fried's conviction on fraud charges 

A class action suit accuses stars such as Tom Brady and Larry David of misleading investors though their promotion of the company  

Sam Bankman-Fried, the Crypto King, was convicted of seven counts of fraud and conspiracy on Thursday night, after the jury deliberated for just a few hours. Despite the conviction, the legal troubles for those involved in FTX are far from over.


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