Shaquille O’Neal, the famous retired basketball player, has reportedly been served a court summons in a class-action lawsuit against Sam Bankman-Fried, the embattled FTX owner.
On Sunday, the plaintiff’s law firm tweeted that they served O’Neal the court summon outside his home. According to the Moskowitz law firm, the superstar’s home camera recorded the event.
No Where To Hide Again
The legal team has warned O’Neal not to destroy or tamper with the security footage because they will be part of the lawsuit. However, the video recordings of the event have yet to be released.
Adam Moskowitz, the co-counsel in the FTX legal tussle, also confirmed the reports to be true. According to Moskowitz, O’Neal reportedly hid away from the lawyer’s process of serving him the notice over the past couple of months.
Furthermore, attorneys Moskowitz and David Boies are handling the FTX case following a filing by Edwin Garrison, an Oklahoma-based FTX customer in the US District Court for the Southern District of Florida. According to the lawyers, they had previously attempted to contact O’Neal by dropping comments on his socials.
Early in April, a judge declined the motion to allow the court to serve O’Neal electronically. Known as “Shaqtoshi” in FTX adverts, O’Neal is among several high-profile celebrities facing class action lawsuits for their roles in promoting a “fraudulent scheme” following the collapse of FTX in November 2022.
After FTX’s spectacular fallout, O’Neal explained that he is only a paid spokesperson for a commercial involving the now-bankrupt FTX.
Celebrities, Influencers, And Bankman-Fried Personality Cult
Following the FTX collapse, reports reveal that several social media influencers received payments to promote what many now tag as a massive crypto industry fraud. Sadly, the defunct crypto exchange paid these promoters with its customers’ funds.
According to reports, the influencers all worked for the same talent management platform, the “Creators Agency,” to participate in promotions that attracted people to the alleged Ponzi scheme orchestrated by Bankman-Fried.
Meanwhile, many keep wondering how people became victims of the fraud as the collateral damage triggered by the FTX collapse unfolds. The answer is FTX’s paid social media influencers and celebrities.
From Shaquille O’Neal and Steph Curry to Tom Brady and Kevin O’Leary, FTX had the perfect characters to make its business operations look legitimate. So far, many of these famous people are currently facing class-action lawsuits.
Due to the popularity of social media, FTX leveraged people’s attraction to sponsor many creators, especially YouTube content makers. According to observers, the embattled former FTX founder didn’t pay the social media influences to promote the exchange alone.
He also leveraged them to inflate his public personality.
SureTradeGroup.com is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site is paid content that is not written or posted by our writers or editors and the opinions expressed do not reflect the opinions of this website. Any disagreement you may have with brands or companies mentioned in articles will need to be taken care of directly with those specific brands and companies. The responsibility of anyone who may click links in our articles and ultimately sign up for that product or service is their own. Forex, Stocks, Cryptocurrencies, NFTs and Dogital Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.