{"id":13532,"date":"2023-05-25T06:15:55","date_gmt":"2023-05-25T10:15:55","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/shaq-cant-shake-the-process-servers-this-time-2-complaints-over-ftx-ads-finally-in-basketball-stars-hands-lawyers-say\/"},"modified":"2023-05-25T06:15:56","modified_gmt":"2023-05-25T10:15:56","slug":"shaq-cant-shake-the-process-servers-this-time-2-complaints-over-ftx-ads-finally-in-basketball-stars-hands-lawyers-say","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=13532","title":{"rendered":"Shaq can\u2019t shake the process servers this time: 2 complaints over FTX ads finally in basketball star\u2019s hands, lawyers say"},"content":{"rendered":"
\n

Shaquille O\u2019Neal, the former American professional basketball player, has been served with two complaints, according to the law firm representing a class-action lawsuit against failed crypto exchange FTX and the celebrities who appeared in ads and promotional material for the exchange. <\/p>\n

A process server reportedly reached O\u2019Neal during the broadcast of the Miami Heat versus the Boston Celtics game in Miami, Florida, and the process server filmed the event to ensure there\u2019s no ambiguity, according to The Moskowitz Law Firm. The firm also alleges that O\u2019Neal had the process server kicked out of the Kaseya Arena (formerly known as the FTX Arena) where the game was being played.<\/p>\n

\n

In the past, O\u2019Neal has distanced himself from FTX after its bankruptcy in November, claiming that he was \u201cjust a paid spokesperson\u201d in an interview to CNBC in December.<\/p>\n

\u201cHow can he continue to say he was just a paid spokesperson when the SEC has already issued 13 orders, clearly telling celebrities that if you promote \u201cunregistered securities\u201d (not slices of pizza) you may be liable for aiding and abetting the sale of an unregistered security, which is a crime and you are liable for all of the losses,\u201d said Adam Moskowitz, one of the lawyers on the case, in an email to MarketWatch.<\/p>\n

\u201cThe law on this point is crystal clear.\u00a0In the new complaint, he even had his son and business partner, both making tons of money, for promoting these securities and now he has run for the hills, leaving hundreds of his fans with nothing.\u201d<\/p>\n

A representative for O\u2019Neal did not immediately respond to a request for comment. <\/p>\n

This isn\u2019t the first time that the lawyers representing the plaintiffs claim to have served O\u2019Neal. In April, the lawyers said that a process server had reached O\u2019Neal outside his home and served him, but O\u2019Neal\u2019s lawyers said that the papers had been thrown at his car and didn\u2019t count as properly serving a lawsuit. <\/p>\n

\u201cIt seems absurd to have to go to such great lengths to serve Mr. O\u2019Neal, who is deputy of the law,\u201d said Moskowitz, in a statement. \u201cThese claims now are very serious and thus it is good that we can start with the merits, instead of the silly service sideshow Mr. O\u2019Neal unfortunately created.\u201d<\/p>\n

Lawyers have tried to serve him via Twitter DMs, but in April a judge overlooking the case denied the motion. Despite being 7\u20191 \u201d tall, Shaq has been difficult to pin down. <\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shaquille O\u2019Neal, the former American professional basketball player, has been served with two complaints, according to the law firm representing a class-action lawsuit against failed crypto exchange FTX and the celebrities who appeared in ads and promotional material for the exchange. A process server reportedly reached O\u2019Neal during the broadcast of the Miami Heat versus […]<\/p>\n","protected":false},"author":1,"featured_media":13533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-13532","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nShaq can\u2019t shake the process servers this time: 2 complaints over FTX ads finally in basketball star\u2019s hands, lawyers say | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shaquille O\u2019Neal, the former American professional basketball player, has been served with two complaints, according to the law firm representing a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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