In addition to the former Red Sox slugger and former Patriots quarterback, the complaint names the Golden State Warriors and their star Stephen Curry; Shaquille O’Neal; tennis pro Naomi Osaka; and comedian and “Curb Your Enthusiasm” creator Larry David.
A big part of the alleged scheme involved bringing on “some of the biggest names in sports and entertainment” as the faces of FTX, according to the complaint. Appearing in ads on television and online, and posting about FTX over social media, makes the celebrities and athletes liable for investors' damages after the company collapsed, the complaint argues. Sign up for NECN newsletters.
“The FTX entities and defendants made numerous misrepresentations and omissions to plaintiff and class members about the deceptive FTX platform in order to induce confidence and to drive consumers to invest in what was ultimately a Ponzi scheme, misleading customers and prospective customers with the false impression that any cryptocurrency assets held on the deceptive FTX platform were safe and were not being invested in unregistered securities,” the complaint says.
In addition to the former Red Sox slugger and former Patriots quarterback, the complaint names “Shark Tank” investor
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