According to reports, lawyers for basketball star Shaquille O’Neal have asked a federal court to block a summons related to his interaction with FTX. They claim that the papers were thrown at his moving car, contradicting attorney Adam M. Moskowitz’s assertion that he had served O’Neal at his home. Failed investors have claimed that O’Neal and other celebrities endorsed FTX and triggered significant losses for inexperienced clients.
‘Inadequate’ Summons or Twisted Facts?
As reported by Bloomberg, O’Neal’s attorneys argued that the summons was “tossed” at his moving vehicle and “landed” on the road. They asked for the legal process against him to be dismissed, citing an “inadequate” summons. However, this contradicts Adam Moskowitz’s claim that he served O’Neal at his home in front of security cameras.
O’Neal denies being involved with crypto and claims he only engaged with FTX as a paid spokesperson for a commercial. Many celebrities, including Tom Brady and Naomi Osaka, are being blamed by failed FTX investors for endorsing the now-bankrupt exchange.
The Situation with Steph Curry and Tom Brady
NBA star Stephen Curry became an equity stakeholder and global ambassador for FTX in September 2021. Like O’Neal, he appeared in an FTX commercial extolling the exchange’s safety. The Texas State Securities Board is investigating the impact of Curry’s actions on FTX investors. NFL athlete Tom Brady served as an FTX brand ambassador and owns over 1.1 million common shares of the exchange, while his former spouse Gisele Bundchen owns 686,761 shares.