$400 Million Investor Kevin O’Leary Reveals How Tom Brady and Gisele Bündchen Were Used to Nearly Drag Him into the FTX Scandal

The cryptocurrency trading company, FTX, has created all sorts of bad headlines in the past few days. While the now-defunct company has filed for bankruptcy, the people investing in the company have lost billions. FTX attracted a lot of attention from its endorsements and big names investors. The point was further established by an investor who had the name of Tom Brady thrown at him.

Popular Shark Tank personality and multimillionaire investor Kevin O’Leary has revealed how he was reeled in as an investor. The 68-year-old has an image of being a diligent and shrewd investor. Even he admitted how this FTX deal made them all look bad. O’Leary told Temur Durrani of The Globe and Mail that he thought of the opportunity as a gold rush. “They dropped huge names like Tom Brady, Gisele Bundchen and many others that were also going to be ambassadors, and told me I’d be in good company,” O’Leary said. “It was a new gold rush. Everyone wanted in,” he added.

The crypto exchange firm offered him just under $15 million to come on as a spokesperson. In addition to this, the Canadian millionaire also put up $9.7 million of his own money into the firm. While FTX filed for bankruptcy, the 68-year-old also lost any hope of getting his money. CEO and Founder Sam Bankman-Fried is in custody for a multitude of charges. They include conspiracy to commit wire fraud on customers & lenders, securities fraud, money laundering, defrauding the US, and many more.

Tom Brady and Gisele Bündchen were all in for crypto

Many athletes like Stephen Curry, Naomi Osaka, and Shohei Otani with Brady were equity holders in the company. Hence, when the news of the faltering firm came through, many stood to lose more than they bargained for. Especially TB12 and ex-wife Gisele Bündchen, who respectively held 0.15% and 0.9% of stakes in FTX. Even though any confirmed numbers have not been released by the firm or the parties themselves. It is speculated that they have lost more than $60 million in combined money.

Read more: REVEALED: How Much Did the Massive $32 Billion FTX Fallout Cost Tom Brady and Gisele Bündchen?

Consequently, to make things worse for the 45-year-old, a lifelong Patriots fan, Michael Livieratos, a 56-year-old legal clerk from Connecticut, filed a lawsuit against his idol. Following Brady’s endorsement of the firm, Livieratos invested $30,000 in crypto and now seeks justice over the influence of the star.

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