💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

The Real Reason Why Shaquille O'Neal Is In Hot Water Along With FTX Co-Founder

Published 17/04/2023, 17:49
© Reuters.  The Real Reason Why Shaquille O'Neal Is In Hot Water Along With FTX Co-Founder

Benzinga - Basketball legend Shaquille O'Neal has finally been served as part of a class-action lawsuit against FTX (CRYPTO: FTT) founder Sam Bankman-Fried, according to a tweet from the Moskowitz law firm.

The lawsuit was filed by FTX customer Edwin Garrison. O'Neal was reportedly "hiding and driving away from our process servers for the past three months" before finally being served outside his Atlanta home.

The lawyers even tried to reach O'Neal on social media, leaving comments on his Twitter and Instagram accounts but were unsuccessful.

Also Read: SEC Chair Held Hostage By Subpoena Threat Over Crypto Mogul Charges: The Dramatic Showdown Unfold

The lawyers are taking the case seriously and have asked O'Neal not to erase any security tapes from his home, which recorded the moment he was served.

The lawsuit is part of a larger class-action case against several celebrities, including O'Neal, for promoting a "fraudulent scheme" through FTX.

In a previous statement, O'Neal had claimed that he was only a paid spokesperson for a commercial and had nothing to do with the fraudulent scheme.

The case is being handled by attorneys Adam Moskowitz and David Boies.

Read Next: The Great Bitrue Robbery: Hackers Make Off With A Whopping $23M

Photo: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.