david ortiz is among a group of sports celebrities named as defendants in a cryptocurrency class action lawsuit filed in Florida on Tuesday.
The class action lawsuit was filed against FTX founder Sam Bankman-Fried and a group of well-known personalities including Tampa Bay Buccaneers quarterback, Tom Bradythe player of the Golden State Warriors, Stephen Curry, the tennis player Naomi Osaka and the former NBA player, Shaquille O’Neal, among other figures that join the list of defendants, as reported on Wednesday afternoon, Yahoo Sports.
The lawsuit seeks $11 billion in damages.
Shohei Ohtani, Trevor Lawrence, they’re all named as defendants. Brady’s ex-wife and supermodel Gisele Bundchen, comedian Larry David and “Shark Tank” personality Kevin O’Leary are also listed in the lawsuit, as prominent FTX partners.
The lawsuit alleges that Bankman-Fried and those celebrities promoted and encouraged others to invest in FTX, which the lawsuit describes as a “fraudulent scheme.” The lawsuit claims that FTX was “designed to take advantage of unsophisticated investors across the country, who use mobile apps to make their investments.”
FTX filed for bankruptcy and Bankman-Fried resigned as the company’s CEO on November 11. One day before announcing FTX’s bankruptcy, Bankman-Fried sent out a thread of several tweets. It began with Bankman-Fried apologizing and saying, “I screwed up, and I should have done better.” He also referred to himself as “he’s not a good developer”.
Tom Brady appeared in an FTX ad with his then ex-wife, Gisele Bundchen.
Brady and all the other celebrities named in the lawsuit are being sued for promoting FTX. Every celebrity mentioned appeared in some type of FTX ad. Larry David’s FTX ad was shown during the Super Bowl.
Brady and Bundchen did an ad together that features them trying to recruit people to use the company.