Read on Twitter
Taylor Swift was almost among the 11 celebrities now wrapped up in a costly class action lawsuit against Sam Bankman-Fried’s FTX—but asking a simple question saved her. 
Adam Moskowitz, one of the lawyers leading the class action lawsuit against FTX’s celebrity ambassadors, told The Scoop podcast that Swift was “the one person” that asked whether the securities she would be promoting are unregistered.
Moskowitz said that under state securities laws, promoting unregistered securities for financial gain makes an individual liable. The now-bankrupt FTX was in talks with Swift for a $100 million sponsorship deal, which fizzled out shortly before FTX’s collapse in Nov of last year.
Swift’s due diligence saved her from a costly mistake. Moskowitz told The Scoop that they are seeking $5 billion in damages in the FTX lawsuit from celebrities who promoted the sale of unregistered securities.
Those who joined FTX are automatically registered for interest accounts that the SEC has ruled are securities. “It’s money you’re lending them, and you’re going to get a return based on the actions of others,” he said. #FTX #SBF #sambankmanfried #taylorswift #lawsuit #SEC
• • •
Missing some Tweet in this thread? You can try to
force a refresh
