{"id":19987,"date":"2023-04-18T16:54:37","date_gmt":"2023-04-18T16:54:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/nba-hall-of-famer-shaq-served-in-ftx-investor-suit-exchanges-bitcoin-news\/"},"modified":"2023-04-18T16:54:37","modified_gmt":"2023-04-18T16:54:37","slug":"nba-hall-of-famer-shaq-served-in-ftx-investor-suit-exchanges-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/nba-hall-of-famer-shaq-served-in-ftx-investor-suit-exchanges-bitcoin-news\/","title":{"rendered":"NBA Hall of Famer Shaq Served in FTX Investor Suit \u2013 Exchanges Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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A law firm representing FTX investors has served former NBA star Shaquille O\u2019Neal in a class-action case against celebrities who endorsed the failed crypto exchange. The lawsuit accuses Shaq, along with other public figures and the platform\u2019s founder, of defrauding people who put money into FTX.<\/strong><\/p>\n

Shaquille Served Legal Notice in FTX Lawsuit Outside His Home, Lawyers Say<\/h2>\n

Following multiple attempts in the past months, legal representatives of a group of FTX investors have managed to serve Shaquille O\u2019Neal in a suit against several celebrities who promoted FTX. The latter was one of the largest cryptocurrency exchanges before it filed<\/a> for bankruptcy.<\/p>\n

Plaintiffs in the class-action lawsuit served Shaq outside his house, the Moskowitz Law Firm announced<\/a> Monday on Twitter, quoted by CNN. The lawyers also pointed out that the service has been recorded by his home video cameras.<\/p>\n

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UPDATE: Plaintiffs in the billion $ FTX class action case just served @SHAQ<\/a> outside his house. His home video cameras recorded our service and we made it very clear that he is not to destroy or erase any of these security tapes, because they must be preserved for our lawsuit.<\/p>\n

\u2014 The Moskowitz Law Firm (@moskowitzesq) April 17, 2023<\/a><\/p>\n<\/blockquote>\n

Court documents show O\u2019Neal was the last among the celebrities<\/a> named in the case, including Tom Brady, Gisele B\u00fcndchen and Stephen Curry, to be served a legal notice. The lawsuit accuses them, along with FTX founder Sam Bankman-Fried, of defrauding investors.<\/p>\n

According to the lawyers, the basketball star has repeatedly evaded agents hired to serve the documents in person. After an attempt to serve the notice to O\u2019Neal via his official Twitter and Instagram accounts was denied by a judge last week, Adam Moskowitz commented:<\/p>\n

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Mr. O\u2019Neal\u2019s conduct over the last 5 months in evading service in this action is unprecedented, and frankly shocking.<\/p>\n<\/blockquote>\n

The attorney has previously called FTX \u201ca massive Ponzi scheme\u201d the organizers of which enlisted the help of sports and entertainment figures to promote<\/a> it. \u201cA lot of people think I\u2019m involved, but I was just a paid spokesperson for a commercial,\u201d Shaq was quoted as saying in December.<\/p>\n

The major crypto asset exchange collapsed in mid-November, last year, amid problems with liquidity. Former CEO Bankman-Fried and several other executives have been charged<\/a> with running a large-scale financial fraud scheme. While some of them have pleaded guilty, he has denied over a dozen counts of fraud and conspiracy.<\/p>\n

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Accusations<\/a>, basketball<\/a>, Charges<\/a>, Class-Action<\/a>, court case<\/a>, Crypto<\/a>, crypto exchange<\/a>, Cryptocurrencies<\/a>, Cryptocurrency<\/a>, Cryptocurrency Exchange<\/a>, Exchange<\/a>, Fraud<\/a>, ftx<\/a>, Investors<\/a>, law firm<\/a>, Lawsuit<\/a>, Lawyers<\/a>, NBA<\/a>, Sam Bankman-Fried<\/a>, Shaq<\/a>, Shaquille O\u2019Neal<\/a>, star<\/a><\/div>\n<\/div>\n

What do you think will be the outcome of the court case against celebrities accused of promoting FTX? Share your thoughts on the subject in the comments section below. <\/strong><\/em><\/p>\n

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\nLubomir Tassev <\/h6>\n

\nLubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens\u2019s quote: \u201cBeing a writer is what I am, rather than what I do.\u201d Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Ron Adar \/ Shutterstock.com<\/em><\/p>\n

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