Welp, that didn't take long. The first civil suit against the still-imploding crypto exchange FTX was just filed in a Florida court, accusing FTX, disgraced CEO Sam Bankman-Fried, and 11 of the exchange's many celebrity ambassadors of preying on "unsophisticated" retail investors.
The list of celeb defendants impressive — honestly, it reads more like an invite list to a posh award show than a lawsuit.
Geriatric quarterback Tom Brady and soon-to-be-ex-wife Gisele Bündchen lead the pack, followed by basketball players Steph Curry and Udonis Haslem, as well as the Golden State Warriors franchise; tennis star Naomi Osaka; baseballers Shoehi Ohtani, Udonis Haslem, and David Ortiz; and quarterback Trevor Laurence.
Also named is comedian Larry David — who starred in that FTX Super Bowl commercial that very specifically told investors that even if they didn't understand crypto, they should definitely invest — and investor Kevin O'Leary of "Shark Tank" fame.
"The Deceptive and failed FTX Platform," reads the suit," "was based upon false representations and deceptive conduct."
"Many incriminating FTX emails and texts... evidence how FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors from across the country," it continues. "As a result, American consumers collectively sustained over $11 billion dollars in damages."
Indeed, a number of FTX promos embraced an attitude similar to the cursed Larry David commercial. In one, Steph Curry tells viewers that with FTX, there's no need to be an "expert," while a Naomi Osaka promotion pushed the idea that crypto trading should be "accessible," "easy," and "fun."
It's also worth noting that this isn't the first suit of its kind. Billionaire Mark Cuban, also of "Shark Tank" fame, was named in a class action lawsuit launched against the bankrupt lender Voyager in August, while reality TV star Kim Kardashian was recently made to pay a roughly $1.2 million fine for hawking the "EthereumMAX" token without disclosing that she was paid to do so.
The FTX suit, however, appears to be the most extensive — and high-profile — of its kind. And while a fine for a million or two is basically a one dollar bill to this tax bracket, $11 billion, even if split amongst a group of 11 exorbitantly wealthy celebs, is a more substantial chunk of change.
Of course, whether anyone actually ever has to pay up remains to be seen. Regardless, it's still a terrible look, and real people got hurt. If there's any defense here, though? At least they didn't promise to be experts.
READ MORE: FTX founder Sam Bankman-Fried hit with class-action lawsuit that also names Brady, Bündchen, Shaq, Curry [Fox Business]
More on the FTX crash: Experts Say Sam Bankman-fried's Best Legal Defense Is to Say He's Just Really, Really Stupid
The post Celebrities Are Officially Being Sued by FTX Retail Investors appeared first on Futurism.
See original here:
Celebrities Are Officially Being Sued by FTX Retail Investors
- Black Violence Against Whites: A Recent History past ... - February 24th, 2018 [February 24th, 2018]
- Can the AltRight be a modern alternative? Immigration ... - February 24th, 2018 [February 24th, 2018]
- NRx vs AltRight: What now? | Poseidon Awoke: Realist - March 16th, 2018 [March 16th, 2018]
- What the Alt Right is - Vox Day - April 16th, 2018 [April 16th, 2018]
- Vox Popoli: What the Alternative Right is - April 27th, 2018 [April 27th, 2018]
- Hedonism Wines Hedonism Wines - May 9th, 2018 [May 9th, 2018]
- SolidarityNYC - June 3rd, 2018 [June 3rd, 2018]
- Proteomics Conferences 2018 | Molecular Medicine Congress ... - July 28th, 2018 [July 28th, 2018]
- BioShock (Video Game) - TV Tropes - August 19th, 2018 [August 19th, 2018]
- Vintage baby names that need to make a comeback - August 19th, 2018 [August 19th, 2018]
- Food supplements - European Commission - October 8th, 2018 [October 8th, 2018]
- Richard Spencers Website Dropped by GoDaddy - October 10th, 2018 [October 10th, 2018]
- Richard Spencer's Website Has Been Pulled Offline By GoDaddy - October 10th, 2018 [October 10th, 2018]
- Main Hubble Page - November 24th, 2018 [November 24th, 2018]
- Economic collapse - Wikipedia - December 5th, 2018 [December 5th, 2018]
- Elevating the Human Condition - Humanity+ What does it ... - December 8th, 2018 [December 8th, 2018]
- Richard B. Spencer - Wikipedia - January 8th, 2019 [January 8th, 2019]
- Satire or Propaganda? The Free Speech Implications of the Violent Trump Video - WDET - October 16th, 2019 [October 16th, 2019]
- Gabbard slams New York Times profile of her | TheHill - The Hill - October 16th, 2019 [October 16th, 2019]
- Louis Theroux 'very wary' of platforming hate after neo-Nazi documentary - Metro.co.uk - October 16th, 2019 [October 16th, 2019]
- The US has a role in the Middle East - Daily Sabah - October 16th, 2019 [October 16th, 2019]
- Police Officer Who Funded 'Violent' Activities by Far-Right Proud Boys Group Goes Unpunished - Newsweek - October 16th, 2019 [October 16th, 2019]
- Elizabeth Warren is trying to be even tougher on China than Trump, says Steve Bannon - CNBC - October 16th, 2019 [October 16th, 2019]
- Caught out that it was Abiy Ahmed, not Greta? I can help repurpose your rant content - The Guardian - October 16th, 2019 [October 16th, 2019]
- 'Big Mouth' Mouths Off To Anti-Semites In Its Third Season - Forward - October 16th, 2019 [October 16th, 2019]
- Louis Theroux: The world has changed a lot since I started making my programmes - BreakingNews.ie - October 16th, 2019 [October 16th, 2019]
- Dad of Sandy Hook victim wins $450K suit against conspiracy theorist - New York Post - October 16th, 2019 [October 16th, 2019]
- Shallow Woke-Scolding Won't Save White Boys From the Alt-Right - Patheos - October 16th, 2019 [October 16th, 2019]
- In Sri Lanka, Cartoonists Take on the Alt-Right - Fair Observer - October 16th, 2019 [October 16th, 2019]
- Henry Louis Gates Talks Reconstruction To Alt-Right, Trump And Voter Suppression - WFAE - October 16th, 2019 [October 16th, 2019]
- Trumps Executive Order and the Rise of Anti-Semitism - The New York Times - December 12th, 2019 [December 12th, 2019]
- How Alexander Downer set off a chain of events that may lead to Donald Trump's impeachment - ABC News - December 12th, 2019 [December 12th, 2019]
- The False Romance of Russia - The Atlantic - December 12th, 2019 [December 12th, 2019]
- Tucker Carlson hosted a guest with white nationalist ties to help him promote a run for Congress - Media Matters for America - December 12th, 2019 [December 12th, 2019]
- Michelle Malkin Appears on White Nationalist YouTube Show - Right Wing Watch - December 12th, 2019 [December 12th, 2019]
- The Internet Is Coming to Taylor Swift's Defense After an Alt-Right Troll Tweeted About Her Egg Count - Yahoo Lifestyle - December 12th, 2019 [December 12th, 2019]
- How to Fight the Alt-Right Online in 2020 - Houston Press - December 12th, 2019 [December 12th, 2019]
- Unmasking the Alt-Right: Real-World Implications of a Virtual Movement - The McGill International Review - December 12th, 2019 [December 12th, 2019]
- Owen Jones thanks people for support after being subjected to Twitter campaign of 'pure hatred and abuse' - Evening Standard - December 21st, 2019 [December 21st, 2019]
- Military Officials Are Investigating Possible White Power Signs Flashed During the Army-Navy Game - Esquire.com - December 21st, 2019 [December 21st, 2019]
- 'Knives Out's Rian Johnson On The One Thing Missing From Modern Mysteries The Contenders NY Video - Deadline - December 21st, 2019 [December 21st, 2019]
- Im Tired: Controversial Star PewDiePie Is Taking A Break From YouTube, Deletes Twitter - Forbes - December 21st, 2019 [December 21st, 2019]
- 'Touching and Triggering': 'Knives Out' sparks question of how to tell immigration stories - NBC News - December 21st, 2019 [December 21st, 2019]
- How did the OK sign become a symbol of white supremacy? - The Independent - December 21st, 2019 [December 21st, 2019]
- VIDEO: Ben Shapiro harassed by Holocaust denier as he is out with his pregnant wife and children - TheBlaze - December 21st, 2019 [December 21st, 2019]
- Let the alt-right have their 'War on Christmas' if it means more delicious cookies for the rest of us - PGH City Paper - December 21st, 2019 [December 21st, 2019]
- If Mayor Pete Is So Smart, Why Does He Say Such Dumb Things? - City Watch - January 5th, 2020 [January 5th, 2020]
- The Monsey Attack Shows Anti-Semitic Violence Isn't Always Tied to the Far Right - Reason - January 5th, 2020 [January 5th, 2020]
- The right wing thinks there are more trans murderers than trans murder victims - LGBTQ Nation - January 5th, 2020 [January 5th, 2020]
- A YouTube Doc Exposes What Went Down at the "Unite the Right" Rally - Hyperallergic - January 5th, 2020 [January 5th, 2020]
- Trump supporting congressman bizarrely claims AOC wants to 'force you to eat nothing but kale and quinoa' - indy100 - January 30th, 2020 [January 30th, 2020]
- Spoken Word muddies the issue of consent - Chicago Reader - January 30th, 2020 [January 30th, 2020]
- Its okay to be white posters put up in Bristol city centre - The Independent - January 30th, 2020 [January 30th, 2020]
- 'Breitbart' Editor in Chief Alex Marlow Coming to University of Cincinnati - Cincinnati CityBeat - January 30th, 2020 [January 30th, 2020]
- 'The playbook is the American alt-right': Bolsonaristas follow familiar extremist tactics - The Guardian - January 30th, 2020 [January 30th, 2020]
- Get your tickets now for Neil Gaiman in Conversation with N. K. Jemisin at Bard - Hudson Valley One - January 30th, 2020 [January 30th, 2020]
- Documentary that examines recent rise of anti-Semitism in U.S. and globally will open in NYC on Friday - amNY - February 24th, 2020 [February 24th, 2020]
- Who Is Kaitlin Bennett, And Why Did Her Liberty Hangout Promote Holocaust Denial? - Snopes.com - February 24th, 2020 [February 24th, 2020]
- White supremacists spread propaganda in the Lehigh Valley in 2019, ADL reports - lehighvalleylive.com - February 24th, 2020 [February 24th, 2020]
- This Researcher Juggled Five Different Identities to Go Undercover With Far-Right and Islamist Extremists. Here's What She Found - TIME - February 24th, 2020 [February 24th, 2020]
- The NY Post Published 12 AOC Stories In One Day - BuzzFeed News - February 24th, 2020 [February 24th, 2020]
- Rose McGowan on Weinstein Verdict: "I Can Breathe for the First Time in Years" - Hollywood Reporter - February 29th, 2020 [February 29th, 2020]
- The Travesty of Comparing Jordan Peterson to Hitler - Merion West - February 29th, 2020 [February 29th, 2020]
- Heres how a conspiracy theorist banned from Twitter made the journey from the alt-right fringe to a GOP congressional candidate - AlterNet - February 29th, 2020 [February 29th, 2020]
- 4chan Thinks It Is so Smart, but Its Plan to Mess up the Democratic Primary Is Actually Incredibly Stupid. - Mother Jones - February 29th, 2020 [February 29th, 2020]
- 'You're Scumbags': We Went to the GOP's Annual Confab and Had a Nice Chat With Seb Gorka - VICE - February 29th, 2020 [February 29th, 2020]
- So Listen: The alt-right is not the right - The Post - February 29th, 2020 [February 29th, 2020]
- My double life among the alt-Right: Taking a punch was something that I mentally prepared for' - Telegraph.co.uk - February 29th, 2020 [February 29th, 2020]
- English Professor Publishes Book of Critical Essays with Slavoj Zizek - Seton Hall University News & Events - March 6th, 2020 [March 6th, 2020]
- Darwinism, Jews, and White Nationalists - Discovery Institute - March 6th, 2020 [March 6th, 2020]
- Billy Porter will play a powerful genderless fairy godmother in Cinderella and the alt-right must be shaking - PinkNews - March 6th, 2020 [March 6th, 2020]
- FIVE PIECES OF PAPER Set For Matrix Theatre On Holocaust Remembrance Day - Broadway World - March 6th, 2020 [March 6th, 2020]
- Knowingly or Unknowingly, CIS Newsletters Promote the Work of White Nationalist Kevin DeAnna - Southern Poverty Law Center - March 6th, 2020 [March 6th, 2020]
- How Kevin DeAnna Orchestrated the Alt-Right's Approach to Conservative Institutions - Southern Poverty Law Center - March 6th, 2020 [March 6th, 2020]
- Review: Going Dark The Secret Social Lives of Extremists by Julia Ebner - PoliticsHome.com - March 6th, 2020 [March 6th, 2020]
- Young Knives announce first new album in seven years 'Barbarians' - DIY Magazine - March 26th, 2020 [March 26th, 2020]
- The Innovia Foundation's former president has finally won his three-year battle to stop the organization from donating to a racist website - Pacific... - March 26th, 2020 [March 26th, 2020]
- Ben Shapiro branded as 'white supremacist' by student leaders who condemn his planned speech: 'We do not have to follow the First Amendment' -... - April 27th, 2020 [April 27th, 2020]
- Author of book about victim blaming bombarded with misogynist abuse - The Guardian - April 27th, 2020 [April 27th, 2020]
- Law Enforcement Must Be Too Busy Policing POC to Stop Swastikas and Alt-Right Gatherings - BELatina - April 27th, 2020 [April 27th, 2020]