What do Tom Brady and Taylor Swift have in common? Both blonde, both wealthy, both recently single. As for their differences: Brady is one of a group of celebrities being slapped with a multi-billion-dollar class action lawsuit and Tay-Tay is touring around singing songs about her exes unscathed, after bothering to do her due diligence on FTX.
A lawyer suing celebrities for promoting FTX, Adam Moskowitz, appeared on The Scoop podcast to discuss the lawsuit, claiming that the plaintiffs are seeking over $5 billion from FTX’s celebrity endorsers Brady, Shaquille O’Neal and Larry David. Cockburn can’t wait to see this plotline on the next season of Curb Your Enthusiasm.
“I mean, why would you possibly promote cryptocurrency if it may be an unregistered security? That’s just baffling to me,” Moskowitz told the podcast. “There’s a long list of influencers that promoted this. But you know, you’ve got to be realistic. I mean, I can’t go after 1,000 right now. So you go after the largest ones.”
Moskowitz added that after being offered a $100 million sponsorship deal with FTX, Taylor Swift did not sign, and was the only celebrity to question anything. “In our discovery, Taylor Swift actually asked them: ‘Can you tell me that these are not unregistered securities?’,” he said. Apparently, she “Red” the paperwork, knew “All Too Well” of the potential pitfalls of the FTX deal and was “…Ready for It.”
Cockburn isn’t much of a Swiftie — his nieces are, naturally. But even he can appreciate a celebrity scrupulous enough to turn down a cool 100 mil after reading the small print. This might have something to do with the fact that Swift’s father is a stockbroker-turned-vice-president for Merrill Lynch, so he would Know FTX Were Trouble When They Walked In. Three cheers for the nepo babies of finance…
