The lawsuits are bogus. Brady himself lost money, so he didn’t profit off of these people’s losses. He was an exceptional NFL quarterback. That doesn’t make him a financial wiz. That goes for Shaquille, Giselle, and most of the rest.
Nobody’s suing the politicians who took money though, right?
at the end of the day, they only lost their time, not money, and maybe some damage to their brand, but I doubt it. The lawsuit part is worrisome, but I don’t think it has any legs, unless someone got on their and said I guarantee you this investment is safe and will pay off. Most investments like that have a long disclaimer that investing is risky, and the investor knows full well he could lose his entire investment. So in the end, these guys did not really get hurt.
Actor Benjamin McKenzie (Gotham, the OC) has spoken out against crypto and even testified to the Senate about it.
Taking the stock wasn’t the mistake.
Taking the stock and holding it was the mistake. If they sold half of it and let the rest roll, they would have been very happy.
Greed kills a lot of good stock holders.
Taylor Swift’s father works (worked?) on Wall Street - he simply advised her to ask: “are these securities registered with the SEC?”
When the answer was NO - it revealed it would be a legal minefield.
I believe all these others imagined that wasn’t relevant because FTX was incorporated in Antigua and Barbuda, and headquartered in Bahamas - even though they were seeking investment from US persons, in the USA.
He was paid $10M in worthless stock to hype a trash stock that rose to $30M, then crashed to $0. He didn’t lose or gain anything for his ill-informed sales pitch.
If you see Brady in a Raiders uniform this year, you’ll know why.
Brady’s portfolio deflated?
He can afford it, but isn’t is nice to know the Bimafia cut him loose?
Too bad so sad that’s what you get for endorsing crap
Libs always fall for these schemes. Most of Bernie Madoff’s clients were wealthy libs.
No wonder they love Social Security.
Crypto is a money laundering scam, every single ounce of it .
Brady didn’t lose any money. He just wasn’t paid what he thought for his endorsements. If any of the plaintiffs in the lawsuits against him prevail, though, he will lose money.
I’ll be happy to endorse them next week for a million in cash.
“Don’t trust the government or the media. I’ve never lost a cent on FTX stock”
They are worth about $750 million. Tom by himself is worth at least $300 million (yes, Gisele is worth more than Tom). Plus Tom has a broadcasting contract worth a guaranteed $375 million over the next 10 years.
One can gloat about him losing $30 million but apparently he will have the last laugh. Especially if Giselle is forced to pay him alimony on top of all that he still has left.