Tom Brady, Gisele Bundchen Sued For Promoting ‘Fraudulent’ FTX In $11 Billion Lawsuit

Tom Brady, Gisele Bundchen, and other celebrities could find themselves in a bit of legal trouble for promoting FTX.

For the past year, both Brady and Gisele had been featured in several FTX commercials.

Brady’s relationship with FTX founder Sam Bankman-Fried seemed pretty cozy, as seen in this viral video.

Now that FTX has filed for bankruptcy after claiming it had up $50 billion in liabilities and thousands of people were unable to withdraw their money off the platform, Brady, Bundchen, and other celebrities have been alongside Bankman-Fried in a massive $11 billion class action lawsuit filed in Florida.

Via Washington Examiner

Oklahoma resident Edwin Garrison filed a complaint on Tuesday in Florida federal court. In the complaint, Garrison notes that the class-action lawsuit could involve thousands “if not millions” of consumers nationwide who were enrolled in yield-bearing cryptocurrency accounts with FTX, which Garrison contends constitute unregistered securities.

“The Deceptive and failed FTX Platform was based upon false representations and deceptive conduct,” the suit reads, adding that FTX’s “fraudulent scheme was designed to take advantage of unsophisticated investors from across the country, who utilize mobile apps to make their investments.”

In addition to Bankman-Fried, the defendant is also targeting Tom Brady, Gisele Bundchen, Stephen Curry, the Golden State Warriors, Shaquille O’Neal, Udonis Haslem, David Ortiz, William Trevor Lawrence, Shohei Ohtani, Naomi Osaka, Larry David, and Kevin O’Leary.

In the complaint, the plaintiff asserts that the celebrities he listed are also liable because they “promoted, assisted in, and actively participated” in the alleged scheme. He said the defendants “aggressively marketed” the FTX platform.

Both Brady and Gisele have been quickly deleting any mention of FTX of their social media platforms after the company collapsed last week.