tscandal Ocean FTX is far from overas Texas law is now stalking many celebrities who supported cryptocurrency The company in its advertising, incl Tom Bradyand Larry David W Stephen Curry.
The above was announced by Joe Rotunda, executive director of the Texas State Securities Board, who told Bloomberg News that they are investigating payments made to celebrities hired by Sam Bankman-Fried.
Rotunda checks How these celebrities disclosed their financial holdings at FTX, as well as how accessible the disclosures are to retail investors. “We’re taking a closer look,” he said.
Celebrities are just one item to investigate
Rotunda said FTX is under investigation and is now Exchange information with regulators in other countrieswhere there may be securities violations by FTX and FTX Associated Entities.
For example, Kim Kardashian promoted FTX on Instagram, but Without telling her millions of followers It was a paid advertisement. She, Floyd Mayweather, and Paul Pierce are named in a lawsuit Claiming that they deceived their followers in buying cryptocurrency as part of a “pump and dump” scheme.
Many celebrities participate
Last week, an Oklahoma resident who opened an FTX performance account I filed a class action lawsuit Naming Brady, Carrie, David, Brady’s ex-wife, and model Gisele Bundchen, Shaquille O’Neal, David Ortiz, Naomi Osaka, Trevor Lawrence, Kevin O’Leary, and Udonis Haslem.
They are all officially entrusted with promoting the “misleading” platform that captured vulnerable retail investors. FTX has closed a number of sports-related deals, Some of them fall apart.
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