FTX Investors’ Class Action: Celebrities Like Tom Brady and Larry David Neglected Due Diligence as They Publicized the Fraudulent Company
Former billionaire crypto bro Sam Bankman-Fried has been found guilty on all 7 counts of fraud and conspiracy to commit fraud, now awaiting sentencing that can go as high as 115 years in prison.
So, that must mean that the story is now over and done with, right? Hardly.
To begin with, there’s already another criminal trial against SBF tentatively scheduled for March, 2024.
His criminal fraud conviction came just at the first anniversary of the FTX meltdown. But for other players who helped promote the cryptocurrency exchange, the legal fallout may continue for years.
Bloomberg reported:
“Attention now turns to a sweeping class-action suit in Miami federal court by investors who claim they lost billions in the collapse of FTX and seek to pin blame not just on Bankman-Fried and his inner circle,
