As data leaks about accused cash launderer Sam Bankman-Fried’s enterprise dealings, stories say Tremendous Bowl champion Tom Brady was paid a whopping $55 million for about seven days of labor as an FTX participant.
In line with creator Michael Lewis, Bankman-Fred, who’s now on trial in federal courtroom for fraud and cash laundering, spent important quantities of cash on celeb endorsements together with Brady, Brady’s ex-wife Gisele Bündchen, Jaguars participant Trevor Lawrence, and Shaquille O. “Neil, Steph Curry and actor Larry David.”
The Bankman-Fried empire was as soon as valued at $32 billion till it collapsed after a protracted sequence of dangerous investments by his hedge agency, Alameda Analysis.
“He paid Tom Brady $55 million for 20 hours a yr for 3 years,” Lewis mentioned Tell CBS 60 minutesbased on the New York Put up.
Bankman-Fried turned to the world of sports activities to carry legitimacy and visibility to his cryptocurrency change FTX. Writer Michael Lewis says he is seen inner paperwork exhibiting tens of hundreds of thousands have been paid to Tom Brady, Steph Curry and Larry David for Superbowl promoting. pic.twitter.com/Fx6qfhrdPJ
— 60 minutes (@60 minutes) October 1, 2023
Lewis added that Brady was “unhappy” and “devastated” when he first discovered of the fraud costs in opposition to Bankman-Fried.
“Brady actually appreciated him, actually appreciated the hope he introduced,” Lewis added.
However later, Brady reportedly grew to become indignant.
“As time goes on and he does not get a very good rationalization for what occurred, I believe (Brady) is rather like, ‘He cheated on me.’ I am indignant. I do not need to have something to do with it anymore,” Lewis mentioned of Brady’s response.
Former FTX CEO Sam Bankman-Fried arrives for a bail listening to in Manhattan federal courtroom on August 11, 2023, in New York Metropolis. (Michael M. Santiago/Getty Photos)
Golden State Warriors basketball star Steph Curry reportedly acquired $35 million for his position because the FTX participant. Actor and author Larry David reportedly earned a wage of $10 million.
Lewis added that whereas Bankman-Fried could have been capable of make investments his deepest pockets in pleasant relationships with these celebrities, since his arrest on fraud costs, he isn’t “poisonous.”
“Nobody needs to speak to him,” Lewis mentioned. 60 minutes. “He has no mates.”
Comply with Warner Todd Houston on Fb at: facebook.com/Warner.Todd.HustonOr social actuality @Warner Todd Houston