According to a lawsuit, FTX is looking to collect some of its profits, and this could impact the pockets of Shaquille O’Neal and Naomi Osaka.
It is now looking to recoup some of its losses, which were distributed as prepayments associated with advertising or sponsorship deals, according to Bloomberg.
Listed in the court papers include O’Neal, who allegedly received $749,999.93 from FTX. Additionally, the filing claims tennis athlete Naomi Osaka received $308,333.34.
Page 27 of the lawsuit cautions, “Debtors relied heavily on contractors and Outsourcers to maintain their books and records. There was no centralized financial accounting system or document repository for the books and records. Many records were found to be stored in numerous individual e-mail accounts and related cloud-based storage drives. The Debtors and their Advisors have undertaken significant efforts after the Petition Dates to locate all available books and records and to identify centrally located copies of all of the historical books and records. The Debtors have disclosed all known responsive information in the Statement, but it is likely that this information may be incomplete.”
Celebrities in the court filing have been previously mentioned in a class action lawsuit tied to FTX. As reported by AFROTECH, O’Neal, Osaka, and Stephen Curry were listed as some of the defendants in November 2022. The lawsuit, filed in Florida, stated the celebrity endorsements of FTX were “fraudulent” and “designed to take advantage of unsophisticated investors from across the country, who utilize mobile apps to make their investments.”
As for O’Neal, he appears to be staying busy with legal battles. He recently was accused of disassociating himself from his Astrals Project shortly after FTX crumbled in an amended lawsuit.
“What we’ve put in this amended complaint is a much more extensive proof about how personally involved Shaquille O’Neal, his business partner, and his son were in Astrals,” explained Managing Partner Adam Moskowitz of The Moskowitz Law Firm, who represents the lead plaintiffs, according to Decrypt. “It’s much more than we ever expected.”
There is no official word on the matter from the representatives of O’Neal at this time.