A law firm representing FTX investors has served former NBA star Shaquille O’Neal with a class action lawsuit against celebrities who supported the failed crypto exchange. The lawsuit accuses Shaq, along with other public figures and platfA law firm representing FTX investors has served former NBA star Shaquille O’Neal with a class action lawsuit against celebrities who supported the failed crypto exchange. The lawsuit accuses Shaq, along with other public figures and platform founders, of defrauding people who put their money into FTX.orm founders, of defrauding people who put their money into FTX.
Shakir received lShakir received legal notice outside his home in the FTX lawsuit, his lawyer saidegal notice outside his home in the FTX lawsuit, his lawyer said
After multiple attempts over the past few months, legal representatives for a group of FTX investors have successfully served Shaquille O’Neal with a lawsuit against several celebrities who promoted FTX. The latter was one of thAfter multiple attempts over the past few months, legal representatives for a group of FTX investors have successfully served Shaquille O’Neal with a lawsuit against several celebrities who promoted FTX. The latter was one of the largest cryptocurrency exchanges before filing for bankruptcy.e largest cryptocurrency exchanges before filing for bankruptcy.
The plaintiffs in the class action laThe plaintiffs in the class action lawsuit served Shaq outside of Shaq’s home, the Moskowitz law firmwsuit served Shaq outside of Shaq’s home, the Moskowitz law firmannouncedannounced. Monday on Twitter, as quoted by CNN. The lawyers also no. Monday on Twitter, as quoted by CNN. The lawyers also noted that the service was recorded by a video camera in his home.ted that the service was recorded by a video camera in his home.
UPDATEUPDATE: Plaintiffs in the billion $ FTX class action case just served: Plaintiffs in the billion $ FTX class action case just served @SHAQ@SHAQ outside his house. His home video cameras recorded our service and we made it very clear that he is not to destroy or erase any of these outside his house. 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. security tapes, because they must be preserved for our lawsuit.
— The Moskowitz Law Firm (@moskowitzesq)— The Moskowitz Law Firm (@moskowitzesq) April 17, 2023April 17, 2023
According to court documents, O’Neal was one of the last of the celebrities named in the suit, including Tom Brady, Gisele Bundchen, and Stephen Curry, to receive legal notice. In the lawsuit, he and Sam BankmanAccording to court documents, O’Neal was one of the last of the celebrities named in the suit, including Tom Brady, Gisele Bundchen, and Stephen Curry, to receive legal notice. In the lawsuit, he and Sam Bankman-Fried, the founder of FTX, are accused of defrauding investors.-Fried, the founder of FTX, are accused of defrauding investors.
According to the lawyer, the basketball star has repeatedly circumvented agents hired to serve documents directly on him. After an attempt to serve notice through O’Neal’s official Twitter and Instagram accAccording to the lawyer, the basketball star has repeatedly circumvented agents hired to serve documents directly on him. After an attempt to serve notice through O’Neal’s official Twitter and Instagram accounts was denied by a judge last week, Adam Moskowitz commented:ounts was denied by a judge last week, Adam Moskowitz commented:
O’Neill’s conduct in avoiding service of process in this lawsuit ovO’Neill’s conduct in avoiding service of process in this lawsuit over the past five months is unprecedented and, frankly, shocking.er the past five months is unprecedented and, frankly, shocking.
The attorney previously called FTX a “massive Ponzi scheme” and revealed that its organizers had enlisted the help of sports and entertainment celebrities to promote it. Shuck was quoted as saying in December, “A lot of people think I’m involveThe attorney previously called FTX a “massive Ponzi scheme” and revealed that its organizers had enlisted the help of sports and entertainment celebrities to promote it. Shuck was quoted as saying in December, “A lot of people think I’m involved, but I was just paid to be a spokesperson for the commercial.”d, but I was just paid to be a spokesperson for the commercial.”
In mid-November of last year, a major crypto asset exchange collapsed due to liquidity problems. Former CEO Bankman-Fried and several other executives were indicted on charges of running a massive financial fraud scheme. Several of them have pleaded guilty,In mid-November of last year, a major crypto asset exchange collapsed due to liquidity problems. Former CEO Bankman-Fried and several other executives were indicted on charges of running a massive financial fraud scheme. Several of them have pleaded guilty, but he denies more than a dozen counts of fraud and conspiracy. but he denies more than a dozen counts of fraud and conspiracy.
Image CreditsImage Credits: : Shutterstock, Pixabay, Wiki Commons, Ron Adar / Shutterstock.comShutterstock, Pixabay, Wiki Commons, Ron Adar / Shutterstock.com
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