Published 8 months ago

MLB and Formula 1 face fraud suits for promoting FTX

Summary by Ground News

Investors sue MLB, Formula One racing and Mercedes-Benz Group's racing team. They accuse them of "aiding and abetting and/or actively participating in the FTX Group's massive, multi-billion-dollar global fraud" Company founder Sam Bankman-Fried was convicted of fraud and conspiracy earlier this month.

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The Japan Times

MLB and Formula 1 face fraud suits for promoting FTX

FTX investors suing the cryptocurrency exchange’s celebrity promoters for allegedly helping to facilitate an $11 billion fraud have some new targets, including Major League Baseball, Formula One racing and Mercedes-Benz Group’s racing team.

8 months ago·Japan

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