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(The Hill)   Class action lawsuit filed against FTX and all its celebrity endorsers, including Tom Brady, Steph Curry, and Larry David. Wait, I thought Larry said it was going to fail?   (thehill.com) divider line
    More: Fail, Plaintiff, collapsed cryptocurrency exchange FTX, class-action lawsuit, FTX investor, Pleading, Defendants' misrepresentations, host of celebrities, Fraud  
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438 clicks; posted to Business » on 16 Nov 2022 at 6:55 PM (10 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



18 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-11-16 6:38:21 PM  
Smarmy Attorney: Mr. David, were you a paid endorser of FTX?
David: Yes
Smarmy Attorney: What specifically was your endorsement?
David: I stated that it would fail.
Smarmy Attorney: You were paid by FTX to say it would fail?
David: Yes
Smarmy Attorney: What did you think of FTX?
David: I thought they were stupid to pay someone to tell everyone it was going to fail when it could have been put in the fine print
Smarmy Attorney: Did you want people to buy crypto?
David: No, I said it would fail
Smarmy Attorney: Did anyone listen to you?
David: Apparently not everyone did
Smarmy Attorney: Why not?
David: Best I can tell they're as stupid as the people that paid me to say it would fail.
Smarmy Attorney: What happens if the lawsuit against you is successful?
David: I have tons of material and your industry has one hell of a precedent.
 
2022-11-16 7:02:46 PM  
Opacity:

I'll get the lights.
 
2022-11-16 7:05:18 PM  
I'll take Cazzie David as my share of the class action suit.

Oops, I forgot to buy any PonziCoin.  Some other Farker will have to take Cazzie.
 
2022-11-16 7:07:24 PM  
As long as it wipes out any money, current or future, earned by Tom Brady, please, proceed.
 
2022-11-16 7:07:47 PM  

Opacity: Smarmy Attorney: Mr. David, were you a paid endorser of FTX?
David: Yes
Smarmy Attorney: What specifically was your endorsement?
David: I stated that it would fail.
Smarmy Attorney: You were paid by FTX to say it would fail?
David: Yes
Smarmy Attorney: What did you think of FTX?
David: I thought they were stupid to pay someone to tell everyone it was going to fail when it could have been put in the fine print
Smarmy Attorney: Did you want people to buy crypto?
David: No, I said it would fail
Smarmy Attorney: Did anyone listen to you?
David: Apparently not everyone did
Smarmy Attorney: Why not?
David: Best I can tell they're as stupid as the people that paid me to say it would fail.
Smarmy Attorney: What happens if the lawsuit against you is successful?
David: I have tons of material and your industry has one hell of a precedent.


Jeff: He has a point.

Fark user imageView Full Size
 
2022-11-16 7:18:05 PM  
Updated FTX commercial with Larry David
Youtube FEX64-2Tphw
 
2022-11-16 7:48:32 PM  
I assume FTX indemnified all of its spokespeople. I mean, who would agree to be a spokesperson without that condition?
 
2022-11-16 8:15:30 PM  
When some people hear bad news about crypto, they think WompWomp and hear that sad trombone.

I hear the whole theme to Leave it to Beaver, It is a sit com of clownish behavior. I would be embarrassed to sue, really. Crypto firms and boosters broke plenty of laws, sure, but their best moral defense is that they defrauded fundamentally greedy people who wanted to be conned.

Can you cheat an honest man? Sure. But it is harder than cheating someone who expects something for nothing.

The very first claim of their defense team is that they warned everyone and that nobody should have ever expected to do anything BUT lose all of the money they ever gave to FTX. They will defend their absurd claims based on absurd claims. Bank on it.
 
2022-11-16 8:21:38 PM  

2fardownthread: When some people hear bad news about crypto, they think WompWomp and hear that sad trombone.

I hear the whole theme to Leave it to Beaver, It is a sit com of clownish behavior. I would be embarrassed to sue, really. Crypto firms and boosters broke plenty of laws, sure, but their best moral defense is that they defrauded fundamentally greedy people who wanted to be conned.

Can you cheat an honest man? Sure. But it is harder than cheating someone who expects something for nothing.

The very first claim of their defense team is that they warned everyone and that nobody should have ever expected to do anything BUT lose all of the money they ever gave to FTX. They will defend their absurd claims based on absurd claims. Bank on it.


The Fox News defense.
 
2022-11-16 8:31:59 PM  
Yeah, but cryptobros, aren't your losses a small price to pay for stickin' it to the man?

media.tenor.comView Full Size
 
2022-11-16 9:11:16 PM  
Sometimes life creeps up on you guys.....
Fark user imageView Full Size
 
2022-11-16 9:17:35 PM  

Walker: Sometimes life creeps up on you guys.....
[Fark user image 850x884]


After reading that interview, I can definitely say he's a lot stupider than anyone realized.

At least his 14 going on a hard meth 37 side piece has had the brains to STFU.
 
2022-11-16 10:11:17 PM  
Here's the complaint. The quotes on the first page are a nice touch.

Link
 
2022-11-16 10:38:25 PM  

2fardownthread: When some people hear bad news about crypto, they think WompWomp and hear that sad trombone.

I hear the whole theme to Leave it to Beaver, It is a sit com of clownish behavior. I would be embarrassed to sue, really. Crypto firms and boosters broke plenty of laws, sure, but their best moral defense is that they defrauded fundamentally greedy people who wanted to be conned.

Can you cheat an honest man? Sure. But it is harder than cheating someone who expects something for nothing.

The very first claim of their defense team is that they warned everyone and that nobody should have ever expected to do anything BUT lose all of the money they ever gave to FTX. They will defend their absurd claims based on absurd claims. Bank on it.


Typical shiatty attitude from a sanctimonious Boomer. Feel free to heap scorn on the hardline crypto bros. They knew it was a pyramid scheme and decided to get in near the bottom anyway. But lately the advertising blitz from FTX, BlockFi, Coinbase, etc. have gotten regular people who might not know better to join. Add to that that "reputable" companies like Goldman Sachs and Visa teamed up with these companies to offer financial products. There are also reports of accountants and financial planners advising clients to put some portion of their portfolios into high yield stable coin accounts. The coin itself is backed by dollars in actual banks, but most laypeople don't realize that when you give the coins to someone to loan out, they're no longer safe. Those people should have done their research, but to say they deserved to lose a bunch of money because they were "greedy" is pretty shiatty. Some of the forums now have suicide prevention threads pinned at the top post.

Even if someone is gullible or puts themselves in a dangerous situation, criminals are responsible for crime.
 
2022-11-16 11:07:41 PM  

Likwit: high yield stable coin accounts


"High yield" and "stable" are diametrically opposed. Unless you're talking I series treasury bonds.

Also, those speculating in crypto do so to get out from under the regulatory framework, but as soon as it predictably goes tits up, they want laws and regulations to step in and save them.

I agree that SBF and his cohorts deserve to suffer consequences, but don't tell me the suckers who enabled this deserve sympathy. Very few do.
 
2022-11-16 11:30:50 PM  

sirrerun: Likwit: high yield stable coin accounts

"High yield" and "stable" are diametrically opposed. Unless you're talking I series treasury bonds.

Also, those speculating in crypto do so to get out from under the regulatory framework, but as soon as it predictably goes tits up, they want laws and regulations to step in and save them.

I agree that SBF and his cohorts deserve to suffer consequences, but don't tell me the suckers who enabled this deserve sympathy. Very few do.


You're not parsing that sentence correctly. It's a high yield account with stable coin. The coin is relatively stable (unless it's backed by something stupid like Luna). The account is high yield.

I do feel bad for regular folks who saw an ad or got advice from a dickhead accountant. Anyone with two seconds of experience with cryptocurrency knows you never give your coins to someone else, and you're gambling even if you don't. The reason it's extra shiatty this time is because these exchanges launched an advertising blitz and attached themselves to legitimate corporations to get laypeople to come in at the bottom of the pyramid.
 
2022-11-17 12:36:07 AM  
Regulators at the OFAC told crypto no more money laundering for narcotics terrorists. Bankruptcy ensues.
 
2022-11-17 1:48:44 AM  

Likwit: Typical shiatty attitude from a sanctimonious Boomer. Feel free to heap scorn on the hardline crypto bros. They knew it was a pyramid scheme and decided to get in near the bottom anyway


no, good sir, these clowns didn't get in near the bottom, they got in when the game started.

the ground floor was < $0.001, and the faucet was still going (I know, because I was there). these cretinous felons jumped when they realized grandma, grandad, and the TBI day trading neighbor would dump their retirement into a pile of buzzwords, if I recall, it was around $20 for a btc. they waved their hands for a farking decade with very respectable sounding finance bullshiat & paperwork; buying naming rights to stadiums on credit secured by badly drawn apes (what farking bank extended them credit?!). they pretended to be forex trading houses until the piles of blow and Jenny Rottencrotch caught up with them.

one of the same type of grifter I know (different industry, same grift) is sitting in a cage until he dies, for far less, and for good reason.

throw them under the jail.

//also, gen-x says fark you.
 
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