Shaquille O’Neal Reportedly in Hiding to Avoid Being Served Papers in Lawsuit Against Failed Cryptocurrency Company, FTX
Shaquille O’Neal Reportedly in Hiding to Avoid Being Served Papers in Lawsuit Against Failed Cryptocurrency Company, FTX
Last November, FTX, according to CNN, the second largest player in the crypto space behind Binance, filed for bankruptcy, crippling the cryptocurrency landscape. TNT announcer and NBA Hall of Famer, Shaquille O’Neal was named in a lawsuit in December pertaining to his involvement with the company. He has reportedly been “in hiding” to avoid being served.
According to the New York Post, the Papa John pitchman is being accused of evading being served the legal papers for a class-action lawsuit filed against him and other celebrities like Stephen Curry and Tom Brady who endorsed the failed cryptocurrency company.
The lawsuit was filed by someone who was an investor in the company, retail investor Edwin Garrison, who is saying that his crypto account went bankrupt after “being exposed to” the endorsements by the celebrities who had done so.
Attorneys for Garrison have stated that out of all the celebrities who were named in the lawsuit, O’Neal was the only one who has been avoiding the lawyers. They claim that the allegations against him were among the most damning.
“It is really astonishing the measures he has gone to avoid service of our complaint,” attorney Adam Moskowitz expressed to Forbes. “The irony is that the admitted facts against him are probably the worst against any of the FTX Brand Ambassadors.”
Garrison’s attorneys singled O’Neal when they wrote in an email to the defendants: “We have spent great efforts (4 different service companies) trying to get you all served with our Complaint.
“Only one, however, has chosen to evade service, in order to draw out these proceedings or to otherwise attempt to avoid answering for these allegations.
O’Neal previously stated that he was only a celebrity being used for an ad.
“I have nothing to hide. If I was heavily involved, I would be at the forefront saying, ‘Hey.’ But I was just a paid spokesperson, O’Neal said in December 2022.”
O’Neal told CNBC Make It that his friendship with Golden State Warriors basketball player Stephen Curry is a big reason he agreed to participate in FTX’s advertising.
Shaquille O’Neal Reportedly in Hiding to Avoid Being Served Papers in Lawsuit Against Failed Cryptocurrency Company, FTX
