Sam Bankman-Fried, Tom Brady and other FTX endorsers face class-action suit – The Washington Post

A lawsuit filed by one of the country’s most prominent attorneys seeks to extract billions of dollars from a cryptocurrency executive as well as a star-studded cast of his 11 paid endorsers, including quarterback Tom Brady, supermodel Gisele Bündchen, comedian Larry David, NBA star Stephen Curry and tennis star Naomi Osaka.

The scope of the case filed Wednesday by David Boies, known for representing Al Gore in the 2000 Supreme Court case deciding the presidential election and Elizabeth Holmes in her Theranos fraud trial, is ambitious. It attempts to put former CEO Sam Bankman-Fried and numerous celebrities on the hook for persuading customers to purchase cryptocurrency through FTX, the crypto exchange that collapsed last week. The money in scores of FTX customer accounts is now frozen.

The suit did not include a figure but said that defendants were “responsible for the many billions of dollars in damages they caused.”

Source: Sam Bankman-Fried, Tom Brady and other FTX endorsers face class-action suit – The Washington Post