Dow closes 400 points lower on surprising inflation data
More than a dozen celebrities, including NBA star Stephen Curry, NFL player Tom Brady, supermodel Gisele Bündchen, tennis legend Naomi Osaka, and popular TV show Seinfeld co-creator Larry David are named in a November 2022 class action lawsuit filed in Miami. The complaint blames FTX and its paid brand ambassadors for actively participating in the “offer and sale of unregistered securities in the form of yield-bearing accounts,” as well as abetting fraud “designed to take advantage of unsophisticated investors from across the country, who utilize mobile apps to make their investments.”
Swift avoided getting dragged in FTX’s collapse because the singer did her due diligence, and asked one important question: “Can you tell me that these are not unregistered securities?”, according to South Florida attorney Adam Moskowitz. Moskowitz, one of the lawyers representing the plaintiffs in the class action lawsuit, discussed the case in this week’s episode of The Block’s The Scoop podcast.
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One big number: Taylor Swift’s unfinished business with FTX
$100 million: How much FTX was willing to pay the celebrated singer-songwriter. They had reached the late stages of negotiating a sponsorship deal a little before the crypto exchange crumbled last November. A report in Rolling Stones cites an anonymous source saying Swift “would not, and did not, agree to an endorsem*nt deal,” but smaller-scale partnerships, like a ticketing arrangement involving NFTs for her Eras Tour, was on the table. But she turned that down, too.
“I mean, why would you possibly promote cryptocurrency if it may be an unregistered security? That’s just baffling to me. There’s a long list of influencers that promoted this. But you know, you’ve got to be realistic. I mean, I can’t go after 1,000 right now. So you go after the largest ones.” —Adam Moskowitz on The Scoop podcast
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Person of interest: Shaquille O’Neal
Former NBA star Shaquille O’Neal, who goes by Shaq, was served outside his home just yesterday (Apr. 18). He had apparently been dodging lawyers for months, thereby stalling the case. Moskowitz even complained to the sheriff’s office in Central Florida, where O’Neal is a sheriff’s deputy. The office allegedly cashed the $50 check but did not serve O’Neal. In the meantime, Shaq has been trying to distance himself from crypto and its controversies ever since FTX collapsed last November.
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Companies of interest: Other crypto exchanges Moskowitz is suing
Binance: The world’s largest cryptocurrency exchange, its executives, and a handful of influencers who promoted the platform are all being sued for a whopping $1 billion, according to a Mar. 31 lawsuit filed by lawyers from Boies Schiller Flexner and The Moskowitz Law Firm.
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Voyager: Adam Moskowitz’s firm is also involved in a class action lawsuit against Voyager as well as NBA team Dallas Mavericks, and its owner Mark Cuban, for allegedly promoting a ponzi scheme.
A brief timeline of Taylor Swift’s bold business moves
2014: The singer pulls her music from Spotify over a dispute about royalty per song play—an issue that had almost stopped her from releasing her 2012 album Red on the platform. Three years after the stand-off, Swift will put all her back catalogue back on Spotify and other rival services.
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2015: Swift calls out Apple Music’s decision to not pay artists during the three-month free trial period. In a now-deleted Tumblr post, the singer calls it “shocking, disappointing, and completely unlike this historically progressive and generous company.” A day later, Apple reverses the controversial payment policy. Swift then let Apple stream her most recent album, 1989, for the first time. By the end of the year, Swift’s 1989 World Tour Documentary became Apple Music’s first big video exclusive.
2018: Swift forges a deal with Universal that helps all artists: “I asked that any sale of their Spotify shares result in a distribution of money to their artist, non-recoupable.”
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2021: Swift begins re-releasing recordings of her old songs tagged “(Taylor’s Version)” to get ownership of her masters.
2022: The artist releases four exclusive Midnights vinyls—a superb business decision.
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👩⚖️ A $1 billion lawsuit is making matters worse for Binance
🧐 US regulators sued Binance for encouraging customers to buy unregistered crypto commodities
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💰 Binance’s proof-of-reserves is just another black box
Correction: The number FTX was willing to pay for a collaboration with Taylor Swift was $100 million, not $100 billion. We regret the error.
Swift avoided getting dragged in FTX's collapse because the singer did her due diligence, and asked one important question: “Can you tell me that these are not unregistered securities?”, according to South Florida attorney Adam Moskowitz.
“In our discovery, Taylor Swift actually asked that. 'Can you tell me that these are not unregistered securities? '” Moskowitz told The Scoop when asked why the celebrities alleged in the lawsuit did not check with their lawyers before signing these types of contracts.
He quoted a specific question he claimed she asked: “'Can you tell me that these are not unregistered securities?” Her prospective endorsem*nt deal never happened. But it turns out Swift never asked that astute question.
September 2009: Taylor Swift says Kanye West apologized for VMAs incident. Two days after the VMAs, Swift appeared on ABC Radio to say West apologized for stealing her moment at the VMAs. “Kanye did call me and he was very sincere in his apology, and I accepted that apology,” she shared.
Taylor Swift, who became a billionaire late last year, was included on the annual Forbes Billionaires List for the first time Tuesday, joining 13 other celebrities, who have a collective estimated net worth of $31 billion.
Swift's failed deal with Sam Bankman-Fried's cryptocurrency exchange made headlines in April when, in a podcast appearance, Adam Moskowitz, a lawyer representing customers suing FTX's celebrity endorsers, said he discovered that Swift declined to sign a sponsorship deal with FTX due to her questions about whether the ...
In 2022, after more than six months of negotiations, Swift's team signed a sponsorship deal with the now-bankrupt crypto exchange worth north of $100 million, per a previous report from the Financial Times. But right before FTX signed, Bankman-Fried pulled out, according to the New York Times.
She's spent hundreds of millions of dollars on properties in New York City, California, Nashville, Rhode Island and more. She frequently travels via private jet, reportedly owning not just one, but two Dassault Falcon aircrafts. And her much-studied sense of style is aided by pricey, oftentimes designer pieces.
She also owns numerous pricey properties across the U.S. Both Bloomberg and Forbes pin her net worth at an estimated $1.1 billion on the low end, based on analyses of her fortune. Swift first achieved billionaire status in October when she released a re-recording of her nine-year-old album "1989," Bloomberg reported.
Taylor has said that whenever she has won an award, she has been seated in row 13 or row M, which is the thirteenth letter. When she 'Tay-lurks', she goes to a fan's livestream and comments 13 emojis. She says that if she sees a 13, it'll bring her luck, but if she sees no number 13 that day, she'll lose.
As two of the biggest names in the music industry, Taylor Swift and Beyoncé have a unique bond that has created a lasting friendship. In addition to mingling at award shows and hanging out at parties together, the two have cheered each other on in their career endeavors.
It all started when the rapper ambushed Swift's acceptance speech for Video of the Year at the 2009 MTV VMAs — for which he later apologized. Then, in 2016, West released the track "Famous" with the controversial lyrics, "I feel like me and Taylor might still have sex.
"She and Beyonce are big inspirations to all musicians we always say how both sell out tours and movies. "Also, I'm sure I've been far more helpful to Taylor Swift's career than harmful. "To all Taylor Swift fans I am not your enemy uuum im not your friend either though lol.
Yes, Taylor Swift did grow up in a relatively wealthy family. Here are some key points about her upbringing: Family Background: Taylor Swift's father, Scott Swift, comes from three generations of bank Presidents, indicating a wealthy background [2].
Austin Kingsley Swift (born March 11, 1992) is an American producer, businessman, and actor who has appeared in films such as Live by Night and I.T. (both 2016).
Out of Taylor Swift's exes, her relationship with Joe Alwyn was the longest (7 years). How many boyfriends has Taylor Swift had? Taylor Swift has 12 publicly known exes.
FTX investors filed a class action lawsuit against FTX and its celebrity endorsers on Nov. 15, 2022. The civil suit claimed FTX used "false representation and deceptive conduct." The lawsuit also accused FTX of using a Ponzi scheme to misuse funds and move customer money between entities.
Financiers and celebrity endorsers, including sports stars Tom Brady and Shaquille O'Neal and model Gisele Bundchen, were accused of promoting the exchange's unregistered securities and enticing investors into a Ponzi scheme.
Swift's inclusion comes after Forbes declared the singer a billionaire in October 2023 and reported her net worth at $1.1 billion. In a rare feat, Swift is the first musician to reach the milestone solely from songwriting and performing.
She has made smart investments, including an impressive property portfolio, starting with a beachfront condo in 2009. She owns multiple homes in New York, including a lavish 10-bedroom penthouse, and a historic mansion in Beverly Hills.
Introduction: My name is Mr. See Jast, I am a open, jolly, gorgeous, courageous, inexpensive, friendly, homely person who loves writing and wants to share my knowledge and understanding with you.
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