Crypto: Shaq can’t shake the process servers this time: 2 complaints over FTX ads finally in basketball star’s hands, lawyers say

by | May 24, 2023 | Stock Market

Shaquille O’Neal, the former American professional basketball player, has been served with two complaints, according to the law firm representing a class-action lawsuit against failed crypto exchange FTX and the celebrities who appeared in ads and promotional material for the exchange. A process server reportedly reached O’Neal during the broadcast of the Miami Heat versus the Boston Celtics game in Miami, Florida, and the process server filmed the event to ensure there’s no ambiguity, according to The Moskowitz Law Firm. The firm also alleges that O’Neal had the process server kicked out of the Kaseya Arena (formerly known as the FTX Arena) where the game was being played.

In the past, O’Neal has distanced himself from FTX after its bankruptcy in November, claiming that he was “just a paid spokesperson” in an interview to CNBC in December. “How can he continue to say he was just a paid spokesperson when the SEC has already issued 13 orders, clearly telling celebrities that if you promote “unregistered securities” (not slices of pizza) you may be liable for aiding and abetting the sale of an unregistered security, which is a crime and you are liable for all of the losses,” said Adam Moskowitz, one of the lawyers on the case, in an …

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