Tom Brady, other sports figures caught in the crypto scandal

[G1911]

Originally Posted by Peter_Spaeth

I am one of those two, and that was my initial reaction as well, although I'll keep an open mind until I read the Complaint. One suspects these folks were taken in as well. Shades of Madoff.

I will buy front row tickets if evidence is found that all these famous athletes knew and were actively involved in the fraud scheme of the year. Sometimes I really wish we could, as a society, clamp down on frivolous suits. Half the cases I read about, most of the time I get hauled in for jury duty (I swear the horrific video they show jurors about jury duty has not been updated since 1987), it seems readily apparent that it is frivolous and just someone trying to get rich off someone else without any reasonable cause.

[Peter_Spaeth]

Originally Posted by G1911

I will buy front row tickets if evidence is found that all these famous athletes knew and were actively involved in the fraud scheme of the year. Sometimes I really wish we could, as a society, clamp down on frivolous suits. Half the cases I read about, most of the time I get hauled in for jury duty (I swear the horrific video they show jurors about jury duty has not been updated since 1987), it seems readily apparent that it is frivolous and just someone trying to get rich off someone else without any reasonable cause.

I actually think very few civil suits are like that, but they tend to get more publicity. The vast majority are routine.

[G1911]

Originally Posted by Peter_Spaeth

I actually think very few civil suits are like that, but they tend to get more publicity. The vast majority are routine.

I may have bad luck. Every time I have to go in, it's some "how is this a case?" suit. The good thing is that makes it really easy to make sure I don't get selected

[Peter_Spaeth]

Originally Posted by G1911

I may have bad luck. Every time I have to go in, it's some "how is this a case?" suit. The good thing is that makes it really easy to make sure I don't get selected

In part what you're seeing is that most cases settle before trial, the vast majority really, so a jury is seeing cases that defendants refuse to settle and a higher percentage of those may be borderline.

[D. Bergin]

Kind of reminds me of Pets.com going broke when the dot.com bubble burst, right after spending millions of dollars on Super Bowl commercials.

Oh, and then there's Enron, who also liked buying up naming rights from sports teams.

What's ironic about the FTX scam is that the celebrities who shilled for it, were probably some of the few people that actually received any actual real money compensation for helping build the pyramid.

I doubt Larry David embarrassed himself like he did, for a piece of that shithole company. Likely they gave him and all the other celebrities a big giant check in U.S. dollars, wrote that money off, and buried it at the bottom of the pyramid, just waiting for too many people to try and cash out at once.

Don't think anybody has a leg to stand on going after the hired mouthpieces though. Otherwise celebrities and spokespeople far and wide would have already been taken down by drunk driving and smoking lawsuits.

[Casey2296]

What will be interesting in this case, which is clearly turning into a fraud case ala Madoff is whether the BK Trustee will be aggressively clawing back assets to recompense the debtors, much like the Madoff case. Which would mean going after the political donations made to both democrats and republicans.