Shaquille O'Neal Served With Additional Complaints In FTX Lawsuit During Miami Heat Game
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| Photo: Instagram/Shaquille O'Neal |
Shaquille O'Neal, the former NBA star and current TNT analyst, has been served with additional complaints in the FTX lawsuit during a Miami Heat game.
The process server, who had been attempting to serve O'Neal for months, filmed the interaction to eliminate any ambiguity.
Attorney Adam Moskowitz confirmed that O'Neal, 51, received the complaints at the FTX Arena in Miami, which is now formerly known as such.
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| Photo: Instagram/Shaquille O'Neal success in both basketball and business can be attributed to his relentless work ethic, determination, and ability to connect with people. |
The first complaint, which has been pending since November 2022 in Miami Federal Court, pertains to O'Neal's commercials for FTX.
The second complaint accuses him of violating federal securities laws in connection with his company ASTRALS, which he founded with his son, Myles O'Neal.
The attorney representing FTX investors and ASTRALS stated that the latter had sold "unregistered securities" and alleged that O'Neal failed to fulfill his commitment to always be available, following the FTX lawsuit.
Moskowitz emphasized the seriousness of the claims and expressed his relief that the focus can now shift to the merits of the case instead of the "silly service sideshow" created by O'Neal. It has been a challenging task for the process server to serve O'Neal, and Moskowitz deemed the lengths they had to go through as absurd.
The FTX lawsuit involves several other celebrities, including Tom Brady, Gisele Bündchen, Steph Curry, Naomi Osaka, and Larry David, who were named by investors claiming they were deceived into investing in the bankrupt crypto exchange through celebrity endorsements.
O'Neal, who has been a prominent commercial spokesperson since retiring from the NBA, appeared in numerous FTX advertisements. However, as the company faced controversy and bankruptcy, O'Neal attempted to distance himself, clarifying in an interview with CNBC that he was merely a paid spokesperson.
Moskowitz's office has described FTX as a "fraud" and a "massive Ponzi scheme," using celebrities to attract investors. Multiple attempts were made by four different servicing companies to deliver the notice to O'Neal in recent months, according to reports.
Read Next: Gisele Bundchen Stuns at Miami Gala, Raises Over $1 Million For Charity Amidst Tom Brady's New Ventures
Source: People
The attorney representing FTX investors and ASTRALS stated that the latter had sold "unregistered securities" and alleged that O'Neal failed to fulfill his commitment to always be available, following the FTX lawsuit.
Moskowitz emphasized the seriousness of the claims and expressed his relief that the focus can now shift to the merits of the case instead of the "silly service sideshow" created by O'Neal. It has been a challenging task for the process server to serve O'Neal, and Moskowitz deemed the lengths they had to go through as absurd.
The FTX lawsuit involves several other celebrities, including Tom Brady, Gisele Bündchen, Steph Curry, Naomi Osaka, and Larry David, who were named by investors claiming they were deceived into investing in the bankrupt crypto exchange through celebrity endorsements.
O'Neal, who has been a prominent commercial spokesperson since retiring from the NBA, appeared in numerous FTX advertisements. However, as the company faced controversy and bankruptcy, O'Neal attempted to distance himself, clarifying in an interview with CNBC that he was merely a paid spokesperson.
Moskowitz's office has described FTX as a "fraud" and a "massive Ponzi scheme," using celebrities to attract investors. Multiple attempts were made by four different servicing companies to deliver the notice to O'Neal in recent months, according to reports.
Read Next: Gisele Bundchen Stuns at Miami Gala, Raises Over $1 Million For Charity Amidst Tom Brady's New Ventures
Source: People
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