Taylor Swift is a winner
Taylor Swift has a net worth of $570 million, 12 Grammy Awards and over 250 million Instagram followers.
The singer knows exactly what decisions to make
If anything is clear, it is that the 33-year-old knows very well what she is doing, when it comes to composing, and when it comes to managing her finances.
Avoided a contract that was against the law
And the singer was the only celebrity who dodged the now poisoned dart of the failed cryptocurrency exchange platform FTX for which now a lawyer is asking other celebrities, who were not as applied as Taylor, about $ 5 billion.
Lawsuit against FTX Company
Attorney Adam Moskowitz is leading this class action lawsuit against the promoters of FTX and the sale of unregistered securities.
Many celebrities are in demand
Shaquille O’Neal, Tom Brady, Larry David and more than a dozen other names are among the celebrities named in the lawsuit.
They would have committed fraud
But what has happened? Well, a security is a tradable asset that has value, such as a stock or a bond. All securities offered and sold in the United States must be registered with the Securities and Exchange Commission.
A sponsorship outside the law
However, the company’s cryptocurrency FTX, which is classified as a security because it was sold as an investment contract, was not properly registered. Therefore, it was not within the legality.
The company has gone bankrupt and now faces a multi-million dollar lawsuit.
Moskowitz’s lawsuit, therefore, accuses the celebrities of promoting an unregistered security and seeks to recover damages for customers who lost money after FTX filed for bankruptcy last November.
Swift was the only one to reject the contract
Moskowitz revealed the information during the broadcast of the podcast »The Scoop». There he assured that the celebrities had not made the verification of whether they could be breaking the law with one exception, that of singer Taylor Swift.
The actress and her team took care to know the details
»In our research, we found that Taylor Swift asked them, ‘Can you tell me these are not unregistered securities,'» Moskowitz said.
A victory for Taylor
Taylor Swift was close to signing a $100 million sponsorship deal with FTX. Fortunately for the singer, who did take her time to study the contract she was offered, she finally decided to decline.
