Dem Donor, Crypto CEO Sued Alongside Tom Brady And Other Stars In Class Action Lawsuit

via Daily Caller

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 lawsuit, filed in Miami, alleges that “American consumers collectively sustained over $11 billion dollars in damages” following the rapid collapse of both FTX and founder Bankman-Fried, according to the complaint. Complainant Edwin Garrison alleged that the purpose of using stars like Stephen Curry, who participated in the company’s “#notanexpert” ad campaign, and Tom Brady was to target “unsuspecting and unwitting” first-time crypto investors. (RELATED: US Prosecutors Set Their Sights On Dem Donor’s Crypto Firm After Historic Collapse: REPORT)

“FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors from across the country, who utilize mobile apps to make their investments,” the complaint reads. “As a result, American consumers collectively sustained over $11 billion dollars in damages.”

By NC ScoutPublished On: November 16, 2022Categories: UncategorizedComments Off

About the Author: NC Scout

NC Scout is the nom de guerre of a former Infantry Scout and Sergeant in one of the Army’s best Reconnaissance Units. He has combat tours in both Iraq and Afghanistan. He teaches a series of courses focusing on small unit skills rarely if ever taught anywhere else in the prepping and survival field, including his RTO Course which focuses on small unit communications. In his free time he is an avid hunter, bushcrafter, writer, long range shooter, prepper, amateur radio operator and Libertarian activist. He can be contacted at [email protected] or via his blog at brushbeater.wordpress.com .