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Tom Brady owns more than 1 million shares in FTX that’s practically worthless after the crypto exchange collapsed
Fortune ^ | January 10, 2023 | JEREMY HILL AND BLOOMBERG

Posted on 01/10/2023 4:45:07 PM PST by PJ-Comix

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To: wjcsux
Exactly what most of us here on FR knew what was going to happen with crypto currency.

I remember hearing Peter Lynch say "don't invest in anything you don't understand" back in the '80s. Seemed like good advice.

I believe Warren Buffet said he follows that rule too.

21 posted on 01/10/2023 4:55:11 PM PST by Steely Tom ([Voter Fraud] == [Civil War])
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To: ridesthemiles

When Hillary failed in 2016, and it was obvious the Clintons were forever irrelevant to US politics, the money flowing to the Clinton Globull dried up. There was no more potential for influence peddling.

I believe the Clinton “brand” is so weak that Chelsea Hubbell-Mezvinsky hasn’t attempted a run at elected office attempting to re-establish some leverage.


22 posted on 01/10/2023 4:56:14 PM PST by nascarnation (Let's go Brandon!)
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To: joshua c

Yes, equity stake payment.


23 posted on 01/10/2023 4:56:51 PM PST by EEGator
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To: wjcsux

Another form of vaporware! >POOOF!<


24 posted on 01/10/2023 4:57:23 PM PST by Tom Tetroxide
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To: PJ-Comix

Now Brady will have to play until he’s 80.


25 posted on 01/10/2023 4:57:25 PM PST by Gay State Conservative (No Doubt Now: Stolen Election)
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To: wjcsux

FTX Trading, not crypto.

He lost big time in his fund and then robbed Trading account investors to keep it afloat.


26 posted on 01/10/2023 4:58:03 PM PST by TexasGator (!!!)
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To: PJ-Comix

He’s a triple loser: losing at football, lost his wife, lost money.


27 posted on 01/10/2023 4:58:20 PM PST by beethovenfan (The REAL Great Reset will be when Jesus returns. )
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To: PJ-Comix
I bought Surebeam as a sure thing in 2000.

Worthless. I know just 2% of how he feels.

28 posted on 01/10/2023 4:58:23 PM PST by blackdog (The head, hands, and heart, serve even further than the purse. )
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To: PJ-Comix

Brady and wife got those shares in return for advertising for them, wonder if Larry David did as well. So they did not put up any actual money for the shares, but I imagine they can write the loss off on their taxes.


29 posted on 01/10/2023 4:59:47 PM PST by Captain Peter Blood
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To: EEGator

any woman? Brady should stick with football. The women he’s gotten tangled up with all dumped him. If he still feels like he needs more beating he could just invest in a Nigerian Prince? Bankman was no Nigerian but close. He was a Bajamian.


30 posted on 01/10/2023 5:01:54 PM PST by OldWarBaby
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To: PJ-Comix

I am sure Brady was hoping he would get a deal like Bill Shatner got when he started doing those commercials for Priceline, he got paid in stock from the get go and it turned out well for him, maybe $50 to $100 Million worth or more.


31 posted on 01/10/2023 5:02:15 PM PST by Captain Peter Blood
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To: Captain Peter Blood

With a $25m yearly salary+bonus, that would be a useful write-off.


32 posted on 01/10/2023 5:02:16 PM PST by nascarnation (Let's go Brandon!)
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To: PJ-Comix

ROTFLMAO!!! Anybody who invests in an “asset” with absolutely no backing deserves exactly what he gets.


33 posted on 01/10/2023 5:02:24 PM PST by libstripper
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To: Captain Peter Blood

-—write the loss off? That might sting a little. A stock loss would be limited to 1,000$. If he made other stock gains, and sold, he could offset more, tho.


34 posted on 01/10/2023 5:05:05 PM PST by OldWarBaby
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To: Leaning Right

“Well, McDonald’s is hiring. So Mr. Brady does have options.”

Don’t quit you hamburger flipping job.


35 posted on 01/10/2023 5:05:58 PM PST by TexasGator (!!!)
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To: PJ-Comix

I think he can afford it.


36 posted on 01/10/2023 5:06:09 PM PST by for-q-clinton (Cancel Culture IS fascism...Let's start calling it that!)
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To: nascarnation
With a $25m yearly salary+bonus, that would be a useful write-off.

Capital loss write-off is limited to $3000 per year.

37 posted on 01/10/2023 5:06:42 PM PST by FtrPilot
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To: PJ-Comix

38 posted on 01/10/2023 5:06:51 PM PST by Theoria
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To: OldWarBaby

What women?

I’m sure you’re far more successful and intelligent.


39 posted on 01/10/2023 5:07:54 PM PST by EEGator
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To: Bullish

Tom Clancy got ripped off for over $1 million by a guy he met at a baseball game.


40 posted on 01/10/2023 5:08:59 PM PST by TexasGator (!!!)
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