{"id":514108,"date":"2022-11-22T16:59:15","date_gmt":"2022-11-22T13:59:15","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tom-brady-stephen-curry-larry-david-probed-over-ftx-endorsements\/"},"modified":"2022-11-22T16:59:15","modified_gmt":"2022-11-22T13:59:15","slug":"tom-brady-stephen-curry-larry-david-probed-over-ftx-endorsements","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tom-brady-stephen-curry-larry-david-probed-over-ftx-endorsements\/","title":{"rendered":"#Tom Brady, Stephen Curry, Larry David probed over FTX endorsements"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a33861890c83\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a33861890c83\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/tom-brady-stephen-curry-larry-david-probed-over-ftx-endorsements\/#%E2%80%9CTom_Brady_Stephen_Curry_Larry_David_probed_over_FTX_endorsements%E2%80%9D\" >&#8220;Tom Brady, Stephen Curry, Larry David probed over FTX endorsements&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CTom_Brady_Stephen_Curry_Larry_David_probed_over_FTX_endorsements%E2%80%9D\"><\/span>&#8220;Tom Brady, Stephen Curry, Larry David probed over FTX endorsements&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Celebrities who endorsed the now-bankrupt cryptocurrency trading platform FTX \u2014 including Tom Brady, Stephen Curry, and Larry David \u2014 may soon learn not to mess with Texas state regulators.<\/p>\n<p>Joe Rotunda, the director of enforcement at the Texas State Securities Board, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-21\/texas-regulator-probing-celebrity-endorsements-of-failed-ftx?sref=MTy2GeXk\">told Bloomberg News<\/a> on Monday that his agency is investigating payments made to star athletes and entertainers who pitched the failed crypto exchange run by disgraced founder Sam Bankman-Fried.<\/p>\n<p>Rotunda is examining the extent to which these celebrity endorsers disclosed their financial stakes in FTX as well as how accessible the disclosures were to retail investors.<\/p>\n<p>\u201cWe are taking a close look at them,\u201d Rotunda told Bloomberg <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> on Monday.<\/p>\n<p>Rotunda added that celebrity endorsements of FTX are not the main priority of the investigation. Rather, they\u2019re one of the elements that are being looked at. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-93-1.jpg?w=1024\" alt=\"Tom Brady, the Super Bowl-winning quarterback, is reported to have bought an equity stake in FTX.\" class=\"wp-image-24745082\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-93-1.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-93-1.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-93-1.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Tom Brady, the Super Bowl-winning quarterback, is reported to have bought an equity stake in FTX.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Rotunda said that FTX is also a focus of the investigation. Texas officials are said to be in contact with regulators in other states who are also looking into potential securities violations by FTX and FTX-linked entities.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>Regulators have not shied away from going after celebrity endorsers of cryptocurrency. Last month, reality television star Kim Kardashian agreed to pay a $1.26 million fine to settle charges brought by the Securities and Exchange Commission.<\/p>\n<p>The SEC alleged that Kardashian promoted a cryptocurrency initiative on her Instagram feed without disclosing to her tens of millions of followers that she was a paid celebrity endorser. The reality TV star did not deny or admit to the charges.<\/p>\n<p>Kardashian and former boxer Floyd Mayweather\u00a0were named in a lawsuit earlier this year alleging they misled their online followers into buying cryptocurrency as part of a \u201cpump and dump\u201d scheme. Former Boston Celtics star Paul Pierce was also named in the suit.<\/p>\n<p>Last week, an Oklahoma resident who opened an FTX yield-bearing account filed a class action lawsuit naming Brady, Curry, David, Brady\u2019s supermodel ex-wife Gisele B\u00fcndchen, Shaquille O\u2019Neal, David Ortiz, Naomi Osaka, Trevor Lawrence, Kevin O\u2019Leary, and Udonis Haslem.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-87.jpg?w=1024\" alt=\"Steph Curry, the Golden State Warriors star, has been named in a lawsuit filed by an investor who bought a yield-bearing account with FTX.\" class=\"wp-image-24744754\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-87.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-87.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-87.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Steph Curry, the Golden State Warriors star, has been named in a lawsuit filed by an investor who bought a yield-bearing account with FTX.<\/figcaption><figcaption><span class=\"credit\">NBAE via Getty Images<\/span><\/figcaption><\/figure>\n<p>Brady and B\u00fcndchen, who also <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared in commercials touting FTX, bought equity stakes in the company, which was forced to file for bankruptcy protection after it was learned that customer deposits were being used to make risky bets through a subsidiary research firm.<\/p>\n<p>David, the \u201cSeinfeld\u201d co-creator and star of HBO\u2019s \u201cCurb Your Enthusiasm,\u201d appeared in a Super Bowl commercial for FTX in which he is seen expressing skepticism about investing in cryptocurrency.<\/p>\n<p>The sports stars and celebrities were accused in the lawsuit of touting a \u201cdeceptive\u201d platform that preyed on vulnerable retail investors.<\/p>\n<p>The proposed class action filed last week also alleges that FTX yield-bearing accounts were unregistered securities that were unlawfully sold in the US.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-90.jpg?w=1024\" alt=\"Larry David, the co-creator of &quot;Seinfeld&quot; and star of HBO's &quot;Curb Your Enthusiasm,&quot; filmed a Super Bowl commercial touting FTX.\" class=\"wp-image-24744746\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-90.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-90.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-90.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Larry David, the co-creator of \u201cSeinfeld\u201d and star of HBO\u2019s \u201cCurb Your Enthusiasm,\u201d filmed a Super Bowl commercial touting FTX.<\/figcaption><figcaption><span class=\"credit\">FilmMagic for HBO<\/span><\/figcaption><\/figure>\n<p>FTX was \u201cultimately a Ponzi scheme, misleading customers and prospective customers with the false impression that any cryptocurrency assets held on the Deceptive FTX Platform were safe and were not being invested in unregistered securities,\u201d the lawsuit states.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>Bankman-Fried is also under intense scrutiny by federal regulators. He was named in several lawsuits, including one by a Canadian resident of Hong Kong who alleges he lost $750,000 as a result of opening an FTX yield-bearing account.<\/p>\n<p>The lawsuit filed by Elliott Lam also names the Golden State Warriors basketball team, whose roster includes Curry.<\/p>\n<p>FTX had entered into a number of sports-related deals, some of which are crumbling. <\/p>\n<p>The NBA\u2019s Miami Heat and Miami-Dade County announced earlier this month that they would move to terminate their relationship with FTX, and will rename the team\u2019s arena.<\/p>\n<p>Sources familiar with the matter\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-15\/sam-bankman-fried-facing-possible-trip-to-us-for-questioning\">told Bloomberg News<\/a>\u00a0that US and Bahamian authorities have been discussing\u00a0possibly extraditing the 30-year-old Bankman-Fried, whose company is based in the Bahamas.<\/p>\n<p>Bankman-Fried is said to be cooperating with investigators in the Bahamas. It is likely that he would be brought back to the US for questioning, though it is premature to discuss any possible criminal charges, according to Bloomberg.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-86.jpg?w=1024\" alt=\"The collapse of FTX, which was once worth as much as $32 billion, is being compared to Enron and the Bernie Madoff scandals.\" class=\"wp-image-24744750\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-86.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-86.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-86.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The collapse of FTX, which was once worth as much as $32 billion, is being compared to Enron and the Bernie Madoff scandals.<\/figcaption><figcaption><span class=\"credit\">dpa\/picture alliance via Getty I<\/span><\/figcaption><\/figure>\n<p>Customers fled the exchange over fears about whether FTX had sufficient capital, and it agreed to sell itself to rival crypto exchange Binance. But the deal fell through while Binance\u2019s due diligence on FTX\u2019s balance sheet was still pending.<\/p>\n<p>FTX had valued its assets between $10 billion to $50 billion, and listed more than 130 affiliated companies around the world, according to its bankruptcy filing.<\/p>\n<p><em>With Post wires<\/em>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/11\/22\/tom-brady-stephen-curry-larry-david-probed-over-ftx-endorsements\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Tom Brady, Stephen Curry, Larry David probed over FTX endorsements&#8221; Celebrities who endorsed the now-bankrupt cryptocurrency trading platform FTX \u2014 including Tom Brady, Stephen Curry, and Larry David \u2014 may soon learn not to mess with Texas state regulators. Joe Rotunda, the director of enforcement at the Texas State Securities Board, told Bloomberg News on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":514109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/ftx-1.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[135234,89897,136003,92488,69367,82280,70298],"class_list":["post-514108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ftx","tag-sam-bankman-fried","tag-11-22-22","tag-gisele-bundchen","tag-steph-curry","tag-stephen-curry","tag-tom-brady"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/514108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=514108"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/514108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/514109"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=514108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=514108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=514108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}