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 ...
I get all my investment advice from The Weeknd…
I never had a single molecule of understanding what the deal was with NFTs. Never saw the slightest value in them, and they were peddled like a scam from the beginning.
Haha good, sue those grifting leftists.
https://www.coindesk.com/business/2022/04/13/jack-dorseys-first-tweet-nft-went-on-sale-for-48m-it-ended-with-a-top-bid-of-just-280/
It’s basically a digital equivalent of a painting. I just couldn’t figure out how something that you can just cut and paste could hold its value.
For me, the value seemed in line with that of Dutch tulips in the 1600s.
You beat me to it.
Only by a bit.
Same insanity...
money is what they worship. Suing them is the only way to adjust their behavior.
Crypto is a money laundering fraud, period. The entire industry…
NFT’s are just beyond idiotic
My mother, God rest her always used to say “God put stupid people on the Earth as a lesson for the rest of us’’.
She was right. :)
When I asked the kids what is an NFT, it is as about as head scratching as crypto.
Hollywood Halfwits. Of course, they were told what not to do. But their egos are Titanic and they think that people wouldn’t screw them over.
Similarly, I think Tom Brady was targeted by FXT, and his financial loss was the reason for him going back to work, and the divorce was probably to protect Giselle and the kids from any more financial loss. I don’t think the cabal behind the attempt to destroy him will stop soon. He represents what they get maniacal about.
At least in theory the tulips were tangible.
At least in theory the tulips were tangible.
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