Shaquille O’Neal is reportedly hiding in his home to avoid being served in a class action lawsuit against the former basketball star and other celebrity endorsers of FTX, a multibillion-dollar Texas-based crypto exchange that went bankrupt last year, according to emails obtained by Forbes.
The class action lawsuit was filed in Florida in November by Oklahoma resident and FTX retail investor Edwin Garrison, and names O’Neal, Tom Brady, Stephen Curry, Larry David, Giselle Bündchen, and Kevin O’Leary among defendants in the case.
FTX-founder Sam Bankman-Fried, who was extradited from the Bahamas in December to face a number of separate federal fraud charges, is also named in the suit, which argues that celebrities should be held accountable for being used as a prop to score billions in investments.
The lawsuit also alleges the celebrities violated SEC endorsement laws by failing to disclose “the nature, scope, and amount” of compensation they received from the crypto exchange.
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