Former NBA star Shaquille O’Neal has been served a legal notice in a class-action case against celebrities who endorsed the now-defunct cryptocurrency exchange, FTX. The lawsuit accuses Shaq, along with other public figures and the platform’s founder, Sam Bankman-Fried, of defrauding people who invested in FTX. The Moskowitz Law Firm, representing FTX investors, announced that Shaq was served outside his home, and the service was recorded by his home video cameras. Court documents show that Shaq was the last among the celebrities named in the case, including Tom Brady, Gisele Bündchen, and Stephen Curry, to be served a legal notice.
According to the lawyers, the basketball star has repeatedly evaded agents hired to serve the documents in person. After an attempt to serve the notice to O’Neal via his official Twitter and Instagram accounts was denied by a judge last week, Adam Moskowitz commented: “Mr. O’Neal’s conduct over the last 5 months in evading service in this action is unprecedented, and frankly shocking.” The attorney has previously called FTX “a massive Ponzi scheme” that enlisted the help of sports and entertainment figures to promote it. Shaq was quoted as saying in December, “A lot of people think I’m involved, but I was just a paid spokesperson for a commercial.”
The major crypto asset exchange collapsed in mid-November last year amid problems with liquidity. Former CEO Bankman-Fried and several other executives have been charged with running a large-scale financial fraud scheme. While some of them have pleaded guilty, he has denied over a dozen counts of fraud and conspiracy. The lawsuit accuses the celebrities, along with FTX’s founder, of defrauding investors.
The Moskowitz Law Firm, representing FTX investors, has served legal notices to Shaq and other celebrities who endorsed the failed cryptocurrency exchange. The basketball star was served outside his home, and the service was recorded by his home video cameras. Court documents show that Shaq was the last among the celebrities named in the case to be served a legal notice. The lawsuit accuses them, along with FTX founder Sam Bankman-Fried, of defrauding investors.
According to the lawyers, Shaq has repeatedly evaded agents hired to serve the documents in person. After an attempt to serve the notice to O’Neal via his official Twitter and Instagram accounts was denied by a judge last week, Adam Moskowitz commented: “Mr. O’Neal’s conduct over the last 5 months in evading service in this action is unprecedented, and frankly shocking.” The attorney has previously called FTX “a massive Ponzi scheme” that enlisted the help of sports and entertainment figures to promote it. Shaq was quoted as saying in December, “A lot of people think I’m involved, but I was just a paid spokesperson for a commercial.”
The major crypto asset exchange collapsed in mid-November last year amid problems with liquidity. Former CEO Bankman-Fried and several other executives have been charged with running a large-scale financial fraud scheme. While some of them have pleaded guilty, he has denied over a dozen counts of fraud and conspiracy. The lawsuit accuses the celebrities, along with FTX’s founder, of defrauding investors.
The Moskowitz Law Firm has been attempting to serve legal notices to the celebrities named in the case for several months. Shaq was served outside his home, and the service was recorded by his home video cameras. According to court documents, he was the last among the celebrities to be served. The lawsuit accuses them, along with FTX founder Sam Bankman-Fried, of defrauding investors. Shaq has previously denied being involved in the Ponzi scheme, stating that he was just a paid spokesperson for a commercial.
FTX was one of the largest cryptocurrency exchanges before it filed for bankruptcy. The platform enlisted the help of sports and entertainment figures to promote it. The major crypto asset exchange collapsed in mid-November last year amid problems with liquidity. Former CEO Bankman-Fried and several other executives have been charged with running a large-scale financial fraud scheme. While some of them have pleaded guilty, he has denied over a dozen counts of fraud and conspiracy. The lawsuit accuses the celebrities, along with FTX’s founder, of defrauding investors.
