Posted on 12/11/2022 4:04:36 PM PST by BenLurkin
The group of plaintiffs claim that the A-listers peddled the non-fungible tokens — which have plummeted in value in the last year — without disclosing their investment in the company behind them, Yuga Labs.
Other celebs named in the suit include: Justin Bieber, Kevin Hart, Stephen Curry, Serena Williams and her husband Reddit CEO Alexis Ohanian, Snoop Dogg, The Weeknd, and DJ Khaled. Adidas and Jimmy Fallon’s production company Election Hot Dog are also named as defendants.
The suit claims that talent manager Guy Oseary was behind most of the promotions, recruiting famous people in exchange for payment through a crypto firm, Moonpay, in which he had also invested. This also helped Moonpay rake in cash, according to the complaint.
Fallon did a segment on NFTs on NBC’s “The Tonight Show” in November 2021, telling viewers he got his first Bored Ape Yacht Club NFT through Moonpay — without saying he had a stake in Moonpay, the suit alleges.
The talk show host and NBC didn’t tell the audience that “this purportedly organic segment on the Tonight Show was in reality a paid advertisement for the BAYC collection of NFTs and MoonPay,” the complaint states.
(Excerpt) Read more at nypost.com ...
Back in MY day, if you wanted to run a MLM scam (like Amway or Herbalife) you had to actually WORK at it...at least a little bit. ;)
I am shedding no tears for the fools that fall for this stuff and the fools that promote it.
wonder what it’s friends call it? the???
It’s worse.
Tom Brady was paid with an equity stake and didn’t really “lose” anything. He also has a deal for announcing, upon retirement, for 10 years - $375 million.
Gisele was also in the commercials for FTX so if he is guilty, so is she. Her net worth is $400 million.
Brady is listed at $250 million.
Personally I don’t think they should be held liable for anything.
They were taken, same as many.
If You Wish To Study A Granfalloon, Just Remove The Skin Of A Toy Balloon.Kurt Vonnegut
T-Dubs. It’s mad ******ish...
Slim’s first rule of investing. By the time I’ve heard of an “opportunity”, all the real money has already been made.
The downside of Bitcoin is the entire ecosystem of scams and hoaxes (shit coins, NFTs, DeFi) that took advantage of Bitcoin success and public gullibility. Finally it looks like the scams are folding.
Bitcoin is the shark and fiat is the fat chick who can’t swim fast enough. Everything else is seaweed.
…telling viewers he got his first Bored Ape Yacht Club NFT through Moonpay
—
Rock solid investment advice.
lol
Old story. Conman get their scheme endorsed by celebs, politicians, company execs. In turn these spokesmen fail to disclose they are being paid to endorse a product.
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