FTX's Bankman-Fried, celebrity promoters sued in US by crypto investors

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

The proposed class action filed late Tuesday night in Miami alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the U.S.

Attorneys including David Boies filed the lawsuit on behalf of Edwin Garrison, an Oklahoma resident who had an FTX yield-bearing account which he funded with crypto assets to earn interest, and others like him. The lawsuit seeks unspecified damages from Bankman-Fried and eleven athletes and celebrities who promoted FTX, including David, the creator of "Seinfeld" and "Curb Your Enthusiasm," who starred in a commercial for FTX that aired during the 2022 Super Bowl.

 

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mirandadevine Maybe investors should sue the press for their tongue bathing of this guy, their shameless fawning is one big reason he was able to get away with this fraud.

mirandadevine That's good. How about criminal charges?

mirandadevine Dems are going to fight against all the info coming out on this story of financial corruption. How ironic that the story broke just after the midterms. Kinda like Hunter's laptop!

mirandadevine Joe Biden’s America and Joe Biden donors. Go figure. Corrupt to the core. Investors got what they deserved for supporting a corrupt Democrat Party. Sleep with Dogs.. Get Fleas.

People trusted billions to that face huh

Hm he looks slightly different in the meantime

If you 'invested' in crypto because Larry David to you... I hope you lost all your money

I lost everything I put into that

🤣🤣🤣

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