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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.

1 Articles

The Japan TimesThe Japan Times
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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.

·Chiyoda, Japan
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The Japan Times broke the news in Chiyoda, Japan on Wednesday, November 29, 2023.
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