Patriots Fan Lawyer Wants Tom Brady to Pay Heavily for FTX Scandal

The FTX crypto fallout has been a big blow to all its investors, including those celebrities who endorsed the company and its future possibilities. The NFL quarterback Tom Brady was under the radar of fans and security regulators since the scandal broke out. While the situation hasn’t escalated against him, a Florida lawyer alleged the quarterback played a role in the overall losses.

Endorsement campaigns are often conducted to gain the trust of investors worldwide. And getting stars like Tom Brady, Gisele Bündchen, and Steph Curry for the job made the process a lot easier.

Tom Brady’s Influence

Moreover, the control of the company under a young 30-year-old Billionaire CEO Sam Bankman-Fried influenced the audience to invest heavily in such modern wealth creation techniques. But all this uphill took no time to head downwards. The crippling crypto world and the ongoing slump vaporized all the company’s wealth.

Poor techniques and mediocre management of money were speculated as the primary reason behind this fallout. While the SEC and Texas Security regulators had reportedly initiated a probe on this issue, Brady and other stars were expected to get dragged down soon.

Meanwhile, a Florida Lawyer who also happens to be a long-time Patriots fan recently blamed Tom Brady for his loss. He alleged to have lost nearly $30,000 in crypto investment after watching his favorite quarterback endorsing the company.

 “As a New England Patriots fan my entire life, you can imagine the influence that Tom Brady would have,” the 56-year-old legal clerk said. Similarly, another lawyer Adam Moskowitz along with more such plaintiffs were planning to shift their focus on celebrities, who have been associated with the company.

Also Read: Tom Brady And Steph Curry, Who Shared FTX Profits, May Now Share A Jail Cell After Probe Launched Into Their Role In Crypto Exchange’s Crash

They were asking for the firm’s interest-bearing amounts and disclosure of the payments received by these athletes. “they have never disclosed the nature, scope, and amount of compensation they personally received in exchange for the promotion.” Moskowitz said per the Washington Post.

How did Tom Brady run the endorsements?

As soon as the company launched and started making a name on Wall Street, top celebrities joined the panel. They bolstered its reach by running advertisement campaigns. Several out-of-the-box and creative Ads were rolled out that lured the audience.

Even Tom Brady, who became a part of it, was spotted in one of those ads calling people. He encouraged them to get along with the company. “It’s an incredibly exciting time in the crypto-world, and Sam and the revolutionary FTX team continue to open my eyes to the endless possibilities,” Brady said in a press release at the time.

Well, things have changed now, and soon A-list celebrities might have to face legal troubles. Anyways, this is a developing story, and further updates on this matter are yet to arrive.

Watch This Story: Tom Brady Admits Playing The Gentleman Game To Clinch Moral Wins Over Opponents