“Fled to the Bahamas”: Amid $8,920,000,000 Trouble with Tom Brady, Shaquille O’Neal Accused of “Hiding” Yet Again
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The world mostly gets to see the fun-loving and joyous side of Shaquille O’Neal’s personality. There are also times when Shaq ends up touching people’s hearts with his generosity and kindness of spirit. However, recent accusations against the Los Angeles Lakers legend may somewhat change how people end up perceiving him in the long run.
Shaquille O’Neal has been extremely active since he retired from the NBA. One of the best to ever transition from a pro athlete to a businessman and a television personality, O’Neal has a number of commercials under his belt. However, it looks like one of those is going to cost him dearly.
Shaquille O’Neal is caught in the FTX lawsuit
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Shaquille O’Neal was actively involved in the promotion of the cryptocurrency exchange company, FTX. The four-time NBA champion even did a promotional advertisement for the crypto hedge fund.
Shaq’s commercial with FTX claimed that he was “All in” with the company. However, since its downfall, the Lakers legend has distanced himself from cryptocurrency. He even told reporters from CNBC that he did not understand crypto, despite partnering with crypto-related companies.
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Now the company is no longer in business after claiming that about $8.9 billion in customer funds is missing. Meanwhile, a class-action lawsuit has been filed against the company’s celebrity endorsers. The defendants in the lawsuit include popular figures like Shaquille O’Neal, Tom Brady, Larry David, Giselle Bündchen, Kevin O’Leary and even Golden State Warriors guard Stephen Curry.
The lawsuit states that these celebrities ‘actively participated’ in the ‘offer and sale of unregistered securities’ when they chose to promote FTX. Adam Moskowitz, one of the lawyers representing Edwin Garrison in the FTX lawsuit, said that the firm has been trying to serve the lawsuit to Shaq for quite some time now without any success.
We couldn't keep it secret any longer! We're partnering with…the one…the only…@SHAQ! (a.k.a. Shaqtoshi) pic.twitter.com/V37UQ5wsXI
— FTX (@FTX_Official) June 1, 2022
In fact, the NBA legend has been accused of hiding by the plaintiffs’ attorneys to avoid service. Incidentally, a defendant has to be served the papers of a lawsuit in person to begin legal proceedings.
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Is Shaq hiding out?
Shaquille O’Neal recently underwent hip replacement surgery when he was accused of hiding from being served. According to Moskowitz, Shaq had “already fled to the Bahamas” with the help of his security personnel when the firm tried to reach him at his Orlando residence.
He added, “Basically, the largest man is hiding from our lawsuit,” as he discussed alternate methods to serve Shaquille O’Neal. Multiple attempts have been made in order to serve Shaq, the only defendant whom the firm still has not been able to reach in person.
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The firm even tried the Big Diesel’s NBA studio, a few of his residences, as well as the places he has appeared for promotional events. Let’s see how long this game of cat and mouse continues!
Edited by:
Aayush Kapoor