Avid New England Patriots fan Michael Livieratos filed a lawsuit against quarterback Tom Brady. Livieratos alleges that he was convinced to invest in FTX after seeing Ton Brady in commercials endorsing the cryptocurrency,

“As a New England Patriots fan my entire life, you can imagine the influence that Tom Brady would have.”

One Twitter user posted an FTX ad with Tom Brady saying, “FTX is the safest and easiest way to buy and sell crypto.“

Brady also posted from an FTX “Crypto Bahama’s Conference” with FTX founder and CEO Sam Bankman-Fried (SBF).

SBF is the second largest donor after George Soros to the Democrat party. He infused $38 million into Democrat causes during the 2022 election cycle. Yet days after the midterm elections, SBF declared bankruptcy causing investors to lose millions of dollars without many options for recourse. SBF was arrested Monday night in the Bahamas, a day before he was supposed to testify before the House Financial Services Committee.

 The U.S. Department of Justice has charged SBF with wire fraud, securities fraud, and conspiracy to commit wire fraud and securities fraud. The full penalty, if he is charged, could carry a 115-year prison sentence.

Livieratos has also named FTX frontman Shark Tank co-host Kevin O’Leary in his lawsuit. 

The lawsuit states O’Leary and Brady “promoted, assisted in, and actively participated in” FTX’s “offer and sale of unregistered securities.”

The lawsuit claims Livieratos lost $30,000 “literally overnight” after “FTX imploded” and filed for Chapter 11 bankruptcy.

The suit also alleges both Brady and O’Leary perpetrated “misrepresentations and omissions,” “aggressively marketing” the “deceptive” FTX’s procedures.

Brady is in the middle of a divorce from model Gisele Bündchen, who was also featured in FTX commercials. The couple even purchased equity stakes in the company.

Shaquille O Neal also advertised for FTX.  But, as lawsuits against FTX and its endorsers pile up, Shaquille O’Neal is trying to distance himself. “A lot of people think I’m involved, but I was just a paid spokesperson for a commercial,” O’Neal told CNBC this week. In A June FTX commercial, he’d said, “I’m all in. Are you?”

Other celebrity endorsers who may see a huge wave of class action lawsuits coming their way are Bündchen, Larry David, David Ortiz, and Steph Curry.

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