Tom Brady, other sports figures caught in the crypto scandal

[Peter_Spaeth]

Oh my.
https://sports.yahoo.com/tom-brady-s...181117155.html

[G1911]

It's important to have compassion for our hundred millionaires in such trying times.

[Peter_Spaeth]

I am surprised Mr. Wonderful is involved with this. I thought he was smart.

[packs]

He's rich so I assume he too enjoys doing nothing and getting paid.

[G1911]

More seriously, I can't see this suit going anywhere against the athletes. I don't believe they can be found liable for endorsing a product sponsor they had no real reason to think had some fraud involved. This seems like a "sue anyone with money" kind of suit that won't go anywhere.

I am not a lawyer, or smart.

[Peter_Spaeth]

Originally Posted by G1911

More seriously, I can't see this suit going anywhere against the athletes. I don't believe they can be found liable for endorsing a product sponsor they had no real reason to think had some fraud involved. This seems like a "sue anyone with money" kind of suit that won't go anywhere.

I am not a lawyer, or smart.

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.

[packs]

It's common place to sue anyone and everyone involved in whatever issue it is that's in dispute. It doesn't necessarily mean anyone is really going after the athletes.

For example, if someone rear ends someone else and they claim they have a neck injury, they'll sue the manufacturer of the car, the ambulance service that showed up at the scene, the hospital where they were treated, etc. just to cast as wide a net as possible while looking to assign blame. Part of the strategy involves keeping your options for a pay day open and part of it is in hope that any one of the entities might settle with you just to settle even if they wouldn't be found liable at trial.

[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.

[todeen]

I read many articles on NYT about FTX, and I also slept at a Holiday Inn once. From my knowledge gained at two accounting classes at the local community college, I saw many red flags in what I read. I think the real question is: will the Bahamas extradite?

Also, that dude Zhao, what a power play he made to take down FTX. I don't know why SBF would throw rocks when he is living in a glass house. Zhao right now looks like the little pig who built a house out of bricks. And according to SBF, the Feds are the big bad wolf.

Sent from my SM-G9900 using Tapatalk

[steve B]

The list of people involved as spokes people, especially the sports figures would have made for a neat card set.

[Peter_Spaeth]

Originally Posted by todeen

I read many articles on NYT about FTX, and I also slept at a Holiday Inn once. From my knowledge gained at two accounting classes at the local community college, I saw many red flags in what I read. I think the real question is: will the Bahamas extradite?

Also, that dude Zhao, what a power play he made to take down FTX. I don't know why SBF would throw rocks when he is living in a glass house. Zhao right now looks like the little pig who built a house out of bricks. And according to SBF, the Feds are the big bad wolf.

Sent from my SM-G9900 using Tapatalk

zhao may have his day too.
https://nypost.com/2022/11/16/binanc...-ftx-collapse/

[Republicaninmass]

Good day recently Kim K was fined 1.2 million

According to the US Securities and Exchange Commission (SEC), Kardashian promoted EMAX cryptocurrency tokens on her Instagram Story but did not make it clear that she had been paid $250,000 by the cryptocurrency brand, EthereumMax. By doing so, she broke a part of the Securities Act that makes it unlawful for people to promote securities without fully disclosing any payment they had received to do so, the SEC said.


I'm not sure an "ad" needs a disclosure, but many do have disclaimers they are indeed "paid actors"

Just playing devil advocate! Seems most of this money, and Brinkman-Frieds mom was recently used for certain campaigns.

[irv]

Originally Posted by Republicaninmass

Good day recently Kim K was fined 1.2 million

According to the US Securities and Exchange Commission (SEC), Kardashian promoted EMAX cryptocurrency tokens on her Instagram Story but did not make it clear that she had been paid $250,000 by the cryptocurrency brand, EthereumMax. By doing so, she broke a part of the Securities Act that makes it unlawful for people to promote securities without fully disclosing any payment they had received to do so, the SEC said.


I'm not sure an "ad" needs a disclosure, but many do have disclaimers they are indeed "paid actors"

Just playing devil advocate! Seems most of this money, and Brinkman-Frieds mom was recently used for certain campaigns.

Campaigns??? Certainly not a trusted, honest, noncorrupt and aboveboard Federal campaign, is it Ted?

[Peter_Spaeth]

In other celebrity crime news, Elizabeth Holmes was sentenced today to 11 years in prison. Ouch.