{"id":437447,"date":"2023-10-07T05:39:40","date_gmt":"2023-10-07T05:39:40","guid":{"rendered":"https:\/\/yebscore.com\/news\/?p=437447"},"modified":"2023-10-07T05:39:40","modified_gmt":"2023-10-07T05:39:40","slug":"court-documents-show-ftx-paid-millions-of-dollars-to-tom-brady-stephen-curry","status":"publish","type":"post","link":"https:\/\/yebscore.com\/news\/court-documents-show-ftx-paid-millions-of-dollars-to-tom-brady-stephen-curry\/","title":{"rendered":"Court Documents Show FTX Paid Millions Of Dollars To Tom Brady &#038; Stephen Curry"},"content":{"rendered":"<p>Tom Brady was involved in a failed FTX investment, and his name was mentioned by Sam Bankman-Fried&#8217;s lawyer during the former crypto mogul&#8217;s trial. According to Forbes, SBF&#8217;s team argued that his entr\u00e9e into high society was not proof of any criminal activities.<\/p>\n<h2>Court Documents Show FTX Paid Millions Of Dollars to Tom Brady &amp; Stephen Curry<\/h2>\n<p>&#8220;He paid Tom Brady $55 million for 20 hours a year for three years,&#8221; 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.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Author Michael Lewis claims Sam Bankman-Fried paid Tom Brady $55 million for the equivalent of a week&#39;s worth of work to promote FTX \ud83d\udc40<\/p>\n<p>A portion of that week was spent filming this commercial <a href=\"https:\/\/t.co\/Ya1Ao0vqgE\">pic.twitter.com\/Ya1Ao0vqgE<\/a><\/p>\n<p>&mdash; Bitcoin News (@BitcoinNewsCom) <a href=\"https:\/\/twitter.com\/BitcoinNewsCom\/status\/1708972631624503396?ref_src=twsrc%5Etfw\">October 2, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In his opening words, the attorney stated that &#8220;it was not a crime&#8221; for Bankman-Fried to sign lucrative advertising deals with celebrities such as the quarterback, which was one of the prosecution&#8217; claims surrounding the offenses that he is accused of. Bankman-Fried&#8217;s influence, according to prosecutors, was &#8220;built on lies.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">FTX Fallout: Tom Brady&#39;s $55M Deal Revealed<\/p>\n<p>Brady was reportedly paid $55 million by Sam Bankman-Fried for roughly a week&#39;s worth of work spread over three years. The revelations come from Michael Lewis, author of \u201cGoing Infinite: The Rise and Fall of a New Tycoon,\u201d in his\u2026 <a href=\"https:\/\/t.co\/G09VmNI10Y\">pic.twitter.com\/G09VmNI10Y<\/a><\/p>\n<p>&mdash; Crypto Town Hall (@Crypto_TownHall) <a href=\"https:\/\/twitter.com\/Crypto_TownHall\/status\/1709606451033870783?ref_src=twsrc%5Etfw\">October 4, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>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&#8217;s $1.75 million every hour, which is quite decent money even if it requires dressing up as a mime for commercials.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Today, a crypto king is on trial for one of the biggest frauds in history. \ud83d\udc47<\/p>\n<p>Sam Bankman-Fried was hailed as the next Warren Buffett and boasted a net worth of $26B. His crypto exchange FTX attracted the likes of Tom Brady and Stephen Curry. <\/p>\n<p>But FTX wasn&#39;t what it seemed&#8230;\u2026 <a href=\"https:\/\/t.co\/6GsqykIwVI\">pic.twitter.com\/6GsqykIwVI<\/a><\/p>\n<p>&mdash; Newsthink (@Newsthink) <a href=\"https:\/\/twitter.com\/Newsthink\/status\/1709196126442705248?ref_src=twsrc%5Etfw\">October 3, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>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&#8217;s arena, and sparked a months-long cat-and-mouse game in which FTX endorser Shaquille O&#8217;Neal hid to avoid being served with an FTX lawsuit.<\/p>\n<p>Tom Brady has explored many paths as an investor after declaring his second retirement.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bankman-Fried turned to the sports world to bring his FTX crypto exchange legitimacy and visibility. Author Michael Lewis says he saw internal documents that showed the tens of millions paid to Tom Brady and Steph Curry, and for a Superbowl ad, Larry David. <a href=\"https:\/\/t.co\/Fx6qfhrdPJ\">pic.twitter.com\/Fx6qfhrdPJ<\/a><\/p>\n<p>&mdash; 60 Minutes (@60Minutes) <a href=\"https:\/\/twitter.com\/60Minutes\/status\/1708625969840300395?ref_src=twsrc%5Etfw\">October 1, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He began by purchasing a modest ownership in Mark Davis&#8217;s Las Vegas Raiders and Las Vegas Aces (WNBA). More recently, he became an investor in Birmingham City, working directly with the club&#8217;s Board of Directors and executive members as they fight for promotion to the Premier League.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Stephen Curry allegedly was paid $35 million by FTX. <a href=\"https:\/\/t.co\/dDe9y3EaTz\">https:\/\/t.co\/dDe9y3EaTz<\/a><\/p>\n<p>&mdash; AfroTech (@AfroTech) <a href=\"https:\/\/twitter.com\/AfroTech\/status\/1709991900051046453?ref_src=twsrc%5Etfw\">October 5, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>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.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>FOR MORE SPORTS COVERAGE-\u00a0<\/strong><\/p>\n<p><a title=\"Deion Sanders Explains Why He Invites Celebrities To Interact With Colorado Players\" href=\"https:\/\/yebscore.com\/news\/deion-sanders-explains-why-he-invites-celebrities-to-interact-with-colorado-players\/\" rel=\"bookmark\">Deion Sanders Explains Why He Invites Celebrities To Interact With Colorado Players<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tom Brady was involved in a failed FTX investment, and his name was mentioned by Sam Bankman-Fried&#8217;s lawyer during the former crypto mogul&#8217;s trial. According to Forbes, SBF&#8217;s team argued that his entr\u00e9e into high society was not proof of any criminal activities. Court Documents Show FTX Paid Millions Of Dollars to Tom Brady &amp; [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":406734,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[16714,16713],"class_list":["post-437447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-stephen-curry-ftx","tag-tom-brady-ftx"],"acf":[],"_links":{"self":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/posts\/437447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/comments?post=437447"}],"version-history":[{"count":0,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/posts\/437447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/media\/406734"}],"wp:attachment":[{"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/media?parent=437447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/categories?post=437447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yebscore.com\/news\/wp-json\/wp\/v2\/tags?post=437447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}