. Tom Brady, Madonna, Gwyneth Paltrow and baseball Hall-of-Famer David Ortiz are just some of the big names facing lawsuits from investors as the crypto world crumbles in the wake of FTX’s fall from grace. The backlash started earlier this month, when a class-action suit was filed against celebrities, including Jimmy Fallon, Justin Bieber and Serena Williams for promoting Bored Ape Yacht Club NFTs.
“Celebrity promotions of cryptocurrencies are fraught with problems,” reads the December lawsuit regarding Bored Apes, which quoted an SEC statement from 2017 cautioning against such endorsements: “Celebrities and others are using social media networks to encourage the public to purchase stocks and other investments.
It would be beneficial to the people to also mention that FTX was an official crypto partner of the WEF. Way bigger fish than Jimmy Fallon.
No one cares as long as the money rolls in you know the old saying, ‘I got mine.’
Should we feel sorry they gave there money to Democratic well they wanted to or not
South Sea bubble. If you take advice from celebrities rather than financial advisors you are asking for trouble. The advice I was given years ago was if you can't afford to lose don't play.
Due diligence?! The big boys jumped the shark with both arms . Black Rock ,SoftBank, Tiger Global plus dozens and dozens other boys as late a Jan 2022 . And suckers give these gamblers their hard earned bucks to invest. But celebrities we’re supposed to know better? Get real !
You forgot to mention all the politicians who took campaign contributions and cozied up with Sam Bankman-Fried. That's the real story! Also, the SEC Chairman has a lot of questions to answer.
Any company embracing 'ESG' should send up a huge Red Flag...STAY AWAY! ESG stands for Environmental, Social, and Governance. Investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities.
If you are using Brady and Ortiz as financial advisors, this is the crap that happens. I wouldn’t, but then I wouldn’t get a reverse mortgage because Tom Sellek thinks they are great for senior citizens. They are all being paid.