Amid $8 Billion FTX Scandal, Sam Bankman-Fried Admits to ‘Stealing’ To Pay Tom Brady & Steph Curry for Endorsement Deals

Tom Brady, the NFL Legend, is in a deeper controversy with FTX’s newest report. The 46-year-old former QB for the Tampa Bay Buccaneers has been at the front of the news ever since he retired from the NFL in February 2023. His retirement from the sport has left behind a void in all of the hearts that remains to be filled by the current generation of players.

While Brady is away from the sport, he still doesn’t have a lot of free time on his hands. Brady has been known to be an entrepreneurial enthusiast with the recent investments he’s been making. Unfortunately, his popular deal with FTX keeps revealing more and more shocking details about the $8 Billion scandal.

Sam Bankman Fried confesses to shocking revelations

Sam Bankman Fried, the founder, and CEO of the cryptocurrency exchange platform FTX is currently facing criminal charges on account of fraud and misuse of his client’s money. Several celebrities, including the likes of Tom Brady and Steph Curry, are also under evaluation for their involvement with the platform. While the crypto trickster tries to defend himself against charges of wire fraud and conspiracy charges, there’s a chance that he might be facing up to a 115 years in prison.

In a recent report, it was revealed that Fried used stolen customer funds in order to pay celebrities for their endorsement deals. The 6-time Super Bowl winner was reportedly paid a staggering amount of $55 Million for FTX advertisements. But now, as the curtain lifts up, it is clear that the money was never paid from Fried’s own pocket. This news can only mean trouble for all the celebrities that were very publicly endorsing the future scandalous platform as they seek to clear their name in a legal battle.

Who were the celebrities that were involved in the infamous scandal?

The FTX scandal might very well be one of the biggest digital frauds in history. The total assets that were missing were estimated at over $8 billion. The lawsuit that sued Sam Bankman Fried was also filed against the celebrity endorsers of the cryptocurrency platform on November 15, 2022.

Read More: Sam Bankman-Fried’s College Friend Testifies to Expose Ugly Reality of Ftx in Tom Brady’s $32 Billion Class Action Lawsuit

Several celebrities like Naomi Osaka, former baseball superstar David “Big Papi” Ortiz, and Shark Tank’s Kevin O’Leary were indicted for endorsing the fraudulent platform. Tom Brady’s former wife, Gisele Bundchen, was also involved with the FTX scandal and endorsed the platform amid the Super Bowl 2022 with her ex-husband. According to reports, the money was distributed as follows- $28.5 million to Stephen Curry, $50 million to Tom Brady and Gisele Bundchen, and $10 million to Larry David. While all these celebrities were ecstatic with joy at the moment, they will all be soon facing the music in one of the biggest fraud cases in the world.

Will Tom Brady be facing legal punishment? Or will he walk away from the case that could very well be a stain on his legacy?
Let us know in the comments below.

Watch the Story: 55m Tom Brady Deal Shines Amid Controversial Ftx Trial for Ohtani Curry and Osaka