NFL player Tom Brady and NBA star Stephen Curry are among the names that Texas regulators allegedly started investigating on the grounds that they promoted the bankrupt stock market FTX.
Texas State Securities Board Sanctions Executive Joe Rotunda said on Nov. to Bloomberg announced that its board is reviewing payments made to celebrities for FTX US promotions, what statements were made, and the extent to which those statements were presented to investors.
Rotunda explained that while celebrities’ relationships with FTX are being closely scrutinized, this is not currently a priority and is being investigated as part of a larger investigation into FTX’s collapse.
Both Brady and Curry are named in the class action lawsuit filed November 15 against FTX and its former CEO, Sam Bankman-Fried.
The class action claims that famous names “control, promote, assist and actively participate” in FTX Trading LTD and West Realm Shires Services Inc.
Other celebrities named include Gisele Bundchen, Golden State Warriors basketball team, NBA player Udonis Haslem, and Seinfeld co-creator Larry David.
Cointelegraph tried to reach the Texas State Securities Board regarding the issue, but received no response at the time of publication.