On Nov. 15, FTX founder Sam Bankman-Fried along with Shaquille O’Neal, Tom Brady, Stephen Curry, Naomi Osaka, and more were named as defendants in a class action lawsuit, according to Yahoo Sports.
Filed in Florida, the suit describes the celebrities’ endorsements of FTX as a “fraudulent scheme” and “designed to take advantage of unsophisticated investors from across the country, who utilize mobile apps to make their investments.”
Each of the celebrities included in the lawsuit has appeared in an ad for the company.
