NBA Icon Shaquille O’Neal Describes his FTX Summons as ‘Inadequate,’ Seeks Dismisal (Report)

The lawyers of the American basketball legend – Shaquille O’Neal – reportedly asked a federal court to block a recent summons served regarding his interaction with FTX. They claimed the documents were “tossed” at the front of his moving car: an entirely different version than the one presented by attorney Adam M. Moskowitz who supposedly served the sportsman in his home.

Failed investors have claimed that O’Neal and many other celebrities used their popularity to promote the now-bankrupt exchange, triggering severe losses to inexperienced clients.

‘Inadequate’ Summons or Twisting the Facts?

As reported by Bloomberg, the attorneys of the former NBA star argued that the papers notifying a presence in court were “tossed” at O’Neal’s moving vehicle, and eventually, they “landed” on the road. As such, they requested a dismissal of the legal process against him, labeling the summons “inadequate.”

The assertion disassociates with Adam Moskowitz’s thesis. The lawyer leading the lawsuit against O’Neal said he served the athlete at his home in mid-April. He also claimed the whole process happened in front of security cameras:

“The good news is his home video cameras recorded our service, and we have made it very clear he is not to destroy and/or erase any of these security tapes because they must be preserved for our lawsuit.”

The class-action lawsuit does not include only the basketball legend. Failed investors at FTX also blamed Tom Brady, Naomi Osaka, Steph Curry, and many other celebrities for endorsing the once-prominent crypto giant, thus prompting investor losses when the platform crashed.

ADVERTISEMENT

O’Neal has previously asserted he does not believe in crypto and engaged with FTX only because the firm paid him to participate in an advert:

“A lot of people think I’m involved, but I was just a paid spokesperson for a commercial.”

The Situation With Steph Curry and Tom Brady

Stephen Curry – one of the current NBA stars – inked a deal with FTX in September 2021. Following the partnership, the 35-year-old American received an equity stake in the company and became its global ambassador. Like O’Neal, he starred in a commercial displaying FTX as a safe cryptocurrency platform.

The Texas State Securities Board launched an investigation against Curry to determine the impact of his actions on unfortunate investors.

Arguably the greatest NFL athlete – Tom Brady – has also been deeply involved with the former crypto behemoth. Besides serving as a brand ambassador of the exchange, he owns over 1.1 million common shares of FTX. His ex-spouse – Gisele Bundchen – has 686,761 stocks.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.