Court Documents Show FTX Paid Millions Of Dollars To Tom Brady & Stephen Curry

Tom Brady was involved in a failed FTX investment, and his name was mentioned by Sam Bankman-Fried’s lawyer during the former crypto mogul’s trial. According to Forbes, SBF’s team argued that his entrée into high society was not proof of any criminal activities.

Court Documents Show FTX Paid Millions Of Dollars to Tom Brady & Stephen Curry

“He paid Tom Brady $55 million for 20 hours a year for three years,” author Michael Lewis said of FTX founder Sam Bankman-Fried, whose criminal trial began in New York on Tuesday. While Brady was known in the NFL for getting things done quickly, with 46 fourth-quarter comebacks and 58 game-winning drives, this is an incredible payout. He was paid $2.75 million per hour to work for FTX.

In his opening words, the attorney stated that “it was not a crime” for Bankman-Fried to sign lucrative advertising deals with celebrities such as the quarterback, which was one of the prosecution’ claims surrounding the offenses that he is accused of. Bankman-Fried’s influence, according to prosecutors, was “built on lies.”

Curry, who is known for scoring in quick bursts, was paid almost as much for a comparable 20-hours-in-three-years commitment to FTX, earning $35 million. That’s $1.75 million every hour, which is quite decent money even if it requires dressing up as a mime for commercials.

Bankman-Fried, who is on trial for fraud and money laundering, also spent $25 million on a Super Bowl ad with Larry David, over $100 million on the naming rights to the Miami Heat’s arena, and sparked a months-long cat-and-mouse game in which FTX endorser Shaquille O’Neal hid to avoid being served with an FTX lawsuit.

Tom Brady has explored many paths as an investor after declaring his second retirement.

He began by purchasing a modest ownership in Mark Davis’s Las Vegas Raiders and Las Vegas Aces (WNBA). More recently, he became an investor in Birmingham City, working directly with the club’s Board of Directors and executive members as they fight for promotion to the Premier League.

Curry is doing well, with a salary of $51.9 million set for the 2017 NBA season. Nonetheless, given the 65.6 hours of playtime in the 82-game NBA season, Curry will earn a pittance of $791,000 per hour next season. The Golden State Warriors, on the other hand, are not a Ponzi scheme.

 

 

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