$400 Million Worth Shaquille O’Neal Continues To Dodge Aftermath of Billion Dollar Scandal that Cost Tom Brady Millions

Tom Brady is still experiencing the repercussions of the same blunder that Shaquille O’Neal has kept his hands free of till now. But for how long? The NFL GOAT has had both successful and unsuccessful business ventures, but one particular collaboration with celebrities and athletes across the industry ended up being the most costly for him. This deal fiddled with his reputation and millions of people lost their life savings. All the celebrities involved were served with a legal action suit. All except NBA legend Shaquille O’Neal.

Reports claim Brady has lost a staggering amount of money in this business venture. But the trouble didn’t end there for him. Then came legal troubles. In this high-stakes legal battle, attention focuses on Brady and the other defendants as they face scrutiny from the public. As Shaq continues to dodge this bullet, Brady can’t stop taking the hits.

The unreachable Big Shamrock

Of a handful of Brady’s business ventures, one that caused him the most trouble is FTX, a cryptocurrency firm that has been accused of utilizing a Ponzi scheme to defraud users. He was joined by 10 more celebrities and athletes, including his wife. The company had massive debt and went bankrupt, causing investors to lose all of their life savings. All the celebrities were served with legal action. The complaint claims 11 people, including Tom Brady, promoted unregistered investments by being brand ambassadors. Stephen Curry, Larry David, and Shaquille O’Neal are also among the ambassadors of the company, hence being named as defendants in the lawsuit.

The plaintiffs are seeking billions of dollars worth of damages in the suit. All the defendants are served in the suit except Shaq. The plaintiffs have been unsuccessful in delivering the legal documents to him yet, as per the Wall Street Journal.

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The plaintiffs have apparently attempted various ways to reach the NBA legend, but they are yet to be successful. Numerous reports claimed that Shaq is trying to avoid his legal obligations, but he has strongly denied it. The plaintiffs presented all sorts of ways they have tried to reach Shaq. Which includes going to his home and the studio. They also claimed that they even threw the legal papers at his SUV, but for the last three months, they have been unsuccessful.

The FTX scandal

Brady has already allowed his lawyers to sign a waiver for the lawsuit, and so did all the other celebrities, except Shaq. He still denies most of the allegations of reaching out by the plaintiffs. He claimed he was not yet reached by anyone. The lawsuit is still in progress and is yet to unfold in the near future.

This lawsuit has not only caused financial distress but has also affected Tom Brady’s reputation, as the failed collaboration with celebrities and athletes tarnished his image. The CEO of the company, an alleged fraudster, is now under house arrest.

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