The Moskowitz Law Firm has managed to serve basketball legend Shaquille O’Neal in relation to a class-action lawsuit against FTX’s Sam Bankman-Fried. The law firm, which represents thousands of victims who lost their savings in the exchange’s collapse, served O’Neal outside his home in Atlanta, Georgia. The lawsuit, which seeks billions of dollars in damages, also names other celebrity spokespeople, including NFL star Tom Brady and Shark Tank host Kevin O’Leary, who endorsed and promoted Bankman-Fried’s bankrupt exchange.
The legal complaint alleges that O’Neal had been evading attempts by the law firm to serve him the summons. For the past three months, the basketball star had reportedly been hiding and driving away from the firm’s process servers who made efforts to serve him the summons. These efforts included standing outside O’Neal’s house and TNT Studios in Atlanta; however, all efforts to deliver the legal complaint failed.
The lawyers further alleged that they tried to reach O’Neal through social media platforms like Twitter and Instagram by leaving comments on his posts. “His home video cameras recorded our service and we made it very clear that he is not to destroy or erase any of these security tapes, because they must be preserved for our lawsuit.”
O’Neal, who was a paid spokesperson for a commercial, claimed last year that he never believed in crypto. The basketball star is not the only celebrity spokesperson named in the lawsuit. The law firm also named NFL star Tom Brady and Shark Tank host Kevin O’Leary, who endorsed and promoted Bankman-Fried’s bankrupt exchange.
The class-action lawsuit seeks billions of dollars in damages for the victims who lost their savings in the exchange’s collapse. The lawsuit claims that Bankman-Fried, who is the founder of FTX, misled investors about the exchange’s financial health, which led to its collapse. The lawsuit also alleges that Bankman-Fried and other executives at the exchange engaged in fraudulent activities, including market manipulation and insider trading.
FTX, which was once one of the largest crypto exchanges in the world, collapsed in May 2021, leaving thousands of investors with losses. The collapse was due to a combination of factors, including the market downturn and the exchange’s overreliance on leveraged trading.
The lawsuit against FTX’s Sam Bankman-Fried and other executives at the exchange is ongoing. The legal case is being closely watched by the crypto community, as it could have significant implications for the industry. The case highlights the need for greater regulation and oversight of the crypto industry, which has been plagued by scams and frauds in recent years.
The serving of Shaquille O’Neal in the class-action lawsuit against FTX’s Sam Bankman-Fried is a significant development in the legal case. It remains to be seen how the basketball star will respond to the legal complaint and whether he will choose to settle or fight the allegations in court. The case is likely to drag on for months, if not years, as the legal process is slow and complex.
In conclusion, the serving of Shaquille O’Neal in the class-action lawsuit against FTX’s Sam Bankman-Fried is a significant development in the ongoing legal case. The lawsuit seeks billions of dollars in damages for the victims who lost their savings in the exchange’s collapse. The case highlights the need for greater regulation and oversight of the crypto industry, which has been plagued by scams and frauds in recent years. The legal case is being closely watched by the crypto community, as it could have significant implications for the industry.
