Democrats' ties to FTX taint oversight efforts. FOX Business' Hillary Vaughn with more on the crypto exchange company's collapse.has been hit with a class action lawsuit by investors alleging he and other high-profile celebrities – such as legendary NFL quarterback Tom Brady and NBA star Stephen Curry – violated Florida law and made consumers suffer more than $11 billion in damages.
The 41-page document filed on behalf of Oklahoma resident Edwin Garrison in the United States District Court’s Southern District of Florida comes as FTX, led by crypto billionaire Sam Bankman-Fried,The lawsuit, which names "Sam Bankman-Fried, Tom Brady, Gisele Bundchen, Stephen Curry, Golden State Warriors, Shaquille O’Neal, Udonis Haslem, David Ortiz, William Trevor Lawrence, Shohei Ohtani, Naomi Osaka, Lawrence Gene David, and Kevin O’Leary," seeks to make them "responsible for...
The suit describes the well-known celebrities as "all parties who either controlled, promoted, assisted in, and actively participated in FTX Trading and FTX US , offer and sale of unregistered securities in the form of yield-bearing accounts to residents of the United States." Tom Brady and his now ex-wife Gisele Bundchen are among those named in the FTX class action lawsuit.
"The Deceptive and failed FTX Platform was based upon false representations and deceptive conduct," the lawsuit reads. "Although many incriminating FTX emails and texts have already been destroyed, we located them and they evidence how FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors from across the country, who utilize mobile apps to make their investments.
😆 🤣 😂 they lost millions in computer money!
Public will be burdened to pay in some fashion the debt created by crypto fraud. Jail terms are the only commnuictation these frauds-all of them-might understand. This was never a legit business and many involved knew it. Fauds all. To jail!
CASSIDYWILLIAM M.--5800---2021-08-02BANKMAN FRIEDSAMUELFTX US CASSIDYWILLIAM M.--2900---2021-08-02BANKMAN FRIEDSAMUELFTX US
Go try to find him and his fugly vacuous girlfriend CEO
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