Lawyers Successfully Serve Shaquille O'Neal in FTX Lawsuit

1 min read
Source: CBS News
Lawyers Successfully Serve Shaquille O'Neal in FTX Lawsuit
Photo: CBS News
TL;DR Summary

Shaquille O'Neal has been served in a class-action lawsuit against FTX founder Sam Bankman-Fried and other celebrity spokespeople, accusing them of defrauding FTX investors. O'Neal had allegedly been dodging service for months, but was finally served outside his house in Atlanta. The lawsuit claims that FTX shuffled customer money between affiliated entities, using new investor funds and loans to pay interest on old ones in an attempt "to maintain the appearance of liquidity." O'Neal denies being involved in FTX beyond his sponsorship deal.

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