Shaquille O’Neal, a former basketball star and celebrity spokesperson for FTX, has been served in a class-action lawsuit against FTX founder Sam Bankman-Fried. The lawsuit was filed by Edwin Garrison, an FTX customer, in the U.S.
District Court for the Southern District of Florida. O’Neal is one of several celebrities who are facing a class-action lawsuit for promoting a “fraudulent scheme.” The lawsuit claims that FTX engaged in market manipulation and wash trading.
The Moskowitz law firm, which is handling the case, tweeted that they had finally served O’Neal outside his Atlanta home after a dramatic and outlandish chase. They claimed that O’Neal had been “hiding and driving away from our process servers for the past three months.” The lawyers had even tried to reach O’Neal through his social media accounts like Twitter and Instagram, but they were unsuccessful.
Earlier this month, a judge had denied a motion to allow O’Neal to be served electronically. The lawyers had claimed that O’Neal was deliberately avoiding being served, and that they had made every effort to reach him. Finally, they were able to serve him outside his home, and the incident was recorded on O’Neal’s home video cameras. The law firm has requested that O’Neal not destroy or erase any of the security tapes, as they must be preserved for the lawsuit.
The lawsuit against FTX is still ongoing, and the case is being handled by attorneys Adam Moskowitz and David Boies. The Moskowitz law firm has taken the judge’s instructions seriously and has been persistent in their attempts to serve O’Neal. The case alleges that FTX engaged in market manipulation and wash trading, and that the celebrities who promoted the platform were aware of these fraudulent activities.
In a previous statement, O’Neal had claimed that he was just a paid spokesperson for a commercial and was not involved in any fraudulent activities. The lawsuit against FTX is one of several ongoing lawsuits against cryptocurrency exchanges and platforms. As the cryptocurrency market continues to grow, regulators and investors are becoming increasingly concerned about fraudulent activities and market manipulation.