There has been an update on Shaquille O’Neal’s involvement in the FTX lawsuit.
Back in November 2022, FTX founder Sam Bankman-Fried along with celebrities including O’Neal were named as defendants in a class action lawsuit. The suit described the celebrities’ endorsements of FTX as a “fraudulent scheme.”
However, O’Neal previously claimed that he never truly joined forces with the cryptocurrency exchange company.
“People know I’m very, very honest,” O’Neal told CNBC Make it in December 2022. “I have nothing to hide. If I was heavily involved, I would be at the forefront saying, ‘Hey.’ But I was just a paid spokesperson.”
While he looked to distance himself from the legal battle, it appears that he’s further wrapped up in it. CNN Business reports that O’Neal has been served documents by attorney Adam Moskowitz and his legal team, which represent a group of FTX investors.
“Plaintiffs in the billion $ FTX class action case just served @SHAQ outside his house,” the Moskowitz Law Firm shared in a tweet. “His home video cameras recorded our service and we made it very clear that he is not to destroy or erase any of these security tapes, because they must be preserved for our lawsuit.”
UPDATE: Plaintiffs in the billion $ FTX class action case just served @SHAQ outside his house. His home video cameras recorded our service and we made it very clear that he is not to destroy or erase any of these security tapes, because they must be preserved for our lawsuit.
— The Moskowitz Law Firm (@moskowitzesq) April 17, 2023
According to the outlet, prior to serving O’Neal on April 16, Moskowitz attempted to serve the legal notice to O’Neal via his official Twitter and Instagram accounts last week, which was denied by the judge.
“Mr. O’Neal’s conduct over the last 5 months in evading service in this action is unprecedented, and frankly shocking,” Moskowitz said in the motion last week, according to the outlet.
As the investigation continues to unfold, charges have been made. The outlet details that Bankman-Fried pleaded not guilty to 13 counts of fraud and conspiracy. What’s more, three of the founder’s former co-workers pleaded guilty and “are cooperating with investigators.”