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Based on the Boston Globe and Wondery podcast “Gladiator: Aaron Hernandez and Football Inc.” and adapted by Stuart Zicherman, “American Sports Story,” which premieres Tuesday on FX, chronicles Hernandez’s meteoric rise to NFL superstardom and his stunning fall from grace after his arrest and eventual conviction of first-degree murder in 2015. Aaron Hernandez was a monster, a killer — and that’s just the way people talked about him. Michael DeHoog / Getty Images fileIn the years since his death, Hernandez’s sexuality has been the subject of much speculation, with some of his loved ones claiming he had come out as gay. “A person struggling with his sexuality in the NFL when Aaron played in 2010, 2011, would not have been tolerated, not one bit,” Zicherman said. Josh Rivera as Aaron Hernandez in "American Sports Story: Aaron Hernandez."
Persons: Aaron Hernandez, Odin Lloyd, Ryan Murphy’s buzzy, Stuart Zicherman, NFL superstardom, Hernandez, that’s, ” Zicherman, , Zicherman, Josh Andrés Rivera, , ” Murphy, Nina Jacobson, Brad Simpson, O.J, Simpson, Gianni Versace, Clinton, Lewinsky, , Hernandez’s, ” Rivera, Steven Spielberg’s, ” Aaron Hernandez, Michael DeHoog, Dennis SanSoucie, Aaron, Chris, Jake Cannavale, Shayanna Jenkins, Jaylen Barron, must’ve, Rivera, Hernandez “, SanSoucie, Josh Rivera, Eric Liebowitz, FX Rivera, I’m, it’s, doesn’t Organizations: New England Patriot, Boston Globe, Football Inc, NFL, NBC News, Boston, , NBC Locations: Boston, Massachusetts, Jacksonville, Fla, Florida
For now, here's what we know — and what we don't know — about stem-cell therapy for knees. Bryan Johnson flew to the Bahamas to get MSC stem cells injected into his knees, hips, and shoulders — for about $16,500 per joint. Plus, even Sampson warns that young donor stem cells should not be seen as a quick fix or a panacea. Done with proper medical oversight, some studies have found no adverse effects from stem-cell treatments for various conditions. Botched stem-cell treatments can cause infection, blindness, and excessive cell growth, which can trigger the formation of tumors.
Persons: , Bryan Johnson, Johnson, hasn't, Josh DeAngelis, Rasul Chaudhry, Chaudhry, Steven Sampson, Chaundhry, Sampson, Peyton Manning, Patrick Smith, George Kittle, Hulk Hogan, TJ Dillashaw, Rafael Nadal, Jack Nicklaus, I've, it's, Paul Knoepfler, he's, It's, Mattias Bernow, we'll, Knoepfler Organizations: Service, Business, MSC, Oakland University, NFL, FDA, UFC, ESPN, CNN, UC Davis School of Medicine Locations: Bahamas, Panama
A satellite dish is no longer the only way bars and restaurants can air the National Football League's package of "Sunday Ticket" games. With this acquisition, bars, restaurants, casinos and other businesses will be able to stream "Sunday Ticket" games. "Sunday Ticket" is an integral sports package for bars and restaurants since it provides all out-of-market NFL games. Since then, the media rights owners of NFL games have begun to offer games simultaneously on their streaming services — and in some cases exclusively. Netflix also recently won the rights to air two NFL games on Christmas this year, and at least one on the holiday in the following two years.
Persons: EverPass, it's, Alex Kaplan, We're, Peacock Organizations: NFL, Denver Broncos, Seattle Seahawks, Football, EverPass Media, RedBird Capital Partners, DirecTV, EverPass, Google, YouTube, Amazon, Comcast, Netflix Locations: New Jersey
A sports bettor turned $100 into more than $80,000 after cashing out of his championship parlay bet. The $100 parlay ticket created by Shelton in May 2023 was based on who would win the MLB World Series, the NFL Super Bowl, and the NBA Championship. Shelton said DraftKings offered him an initial $11,000 to cash out his $100 parlay ticket. Shelton had previously shopped around his $100 parlay ticket after the Thunder won the first round of their playoff series against the New Orleans Pelicans. Using sports bet platform WagerWire, Shelton said he received offers for as much as $200,000 for his parlay ticket.
Persons: Wayne Shelton, Shelton, , Mary, DraftKings Organizations: Texas Rangers, Kansas City Chiefs, Oklahoma City Thunder, DraftKings, Thunder, Service, MLB, NFL Super, NBA, Dallas Mavericks, Twitter, Mavericks, New Orleans Pelicans, New York Rangers, Dallas Stars, Rangers, Florida Panthers Locations: DraftKings, OKC
A bettor could score a payout of $1.7 million if the Oklahoma City Thunder win the NBA title. The original $100 bet was a parlay ticket that also included championships for the Texas Rangers and Kansas City Chiefs, both of which have happened. The parlay ticket was purchased via DraftKings and cost Shelton just $100. Now he stands to win $1.7 million, representing a potential return of 1,690,900% if the bet pans out. There is an entire separate industry dedicated to playing matchmaking between high-rolling sports bettors and opportunities with high initial buy-ins, like Shelton's parlay ticket.
Persons: Wayne Shelton, , Shelton, let's, it's, DraftKings Organizations: Oklahoma City Thunder, NBA, Texas Rangers, Kansas City Chiefs, Service, ESPN, MLB, NFL Super, Thunder, Oklahoma City, New Orleans Pelicans, Western Conference, Dallas Mavericks Locations: DraftKings
CNN —Lando Norris won the first race of his Formula One career, storming to victory at the Miami Grand Prix on Sunday in front of a crowd flooded with celebrities. Sunday’s victory was also McLaren’s first grand prix victory since 2021 – and second in the last 12 years. “He drove perfectly, the car was really fast.”Norris finished 7.61 seconds ahead of second-placed Verstappen to win the 2024 Miami Grand Prix. The F1 season next heads to Italy for the Emilia Romagna Grand Prix with the race weekend starting on May 17. This year’s attendance at the Miami Grand Prix was a sold out 275,000 across the race weekend, according to Formula One.
Persons: CNN — Lando Norris, Max Verstappen, Ferrari’s Charles Leclerc, – Norris, “ I’m, I’ve, ” Norris, , McLaren, Zak Brown, Norris, , ” Brown, Mark Thompson, Verstappen, Brit, , Lando, It’s, it’s, ” Verstappen, Lisa, Blackpink, Tom Brady, Blackpink’s Lisa, Camila Cabello, Ed Sheeran, Anthony Mackie, Patrick Mahomes, Travis Kelce, Odell Beckham Jr, Fred Kerley, Keke Palmer, Daniel Ricciardo, Rudy Carezzevoli, Donald Trump Organizations: CNN, Miami, Prix, McLaren, Sky Sports, Getty, Emilia, Grand Prix, Miami Grand Prix, North, NFL, Miami International, Kansas City Chiefs, Former, Formula One Locations: British, Italy, Grand, North America
LAS VEGAS (AP) — Federal airport security officials unveiled passenger self-screening lanes Wednesday at busy Harry Reid International Airport in Las Vegas, with plans to test it for use in other cities around the country. It already features screening lanes with instruction displays and estimated wait times. “It’s going to take time to educate the public," he said of the TSA screening lanes. I think eventually we’ll see more and more of them.”Harry Reid International Airport was the seventh-busiest passenger airport in the U.S. in 2022, ranked by Airports Council International behind New York’s John F. Kennedy International Airport. In 2023, the Las Vegas airport handled a new record of 57.6 million arriving and departing passengers.
Persons: Harry Reid, , Dimitri Kusnezov, John Fortune, Christina Peach, “ It’s, Carter Langston, Peach, Kusnezov, Karen Burke, ” Burke, Fortune, Keith Jeffries, Jeffries, ” Harry Reid, John F, Rebecca Santana Organizations: LAS VEGAS, , Harry, Harry Reid International, U.S . Department of Homeland Security, Transportation Security Administration, TSA, Department of Homeland, , Los Angeles International Airport, K2, Associated Press, ” Harry Reid International, Airports Council International, New, Kennedy International, Las, NFL, Allegiant, Associated, Washington , D.C Locations: Las Vegas, Nevada, U.S, Washington ,
There, the inspiration for the commercial – two-time Super Bowl champion Osi Umenyiora – awaited to greet the youngster, played by Eldad Osime. NFL“That’s the most important Super Bowl commercial that they have in terms of the NFL,” Umenyiora told CNN. It’s really exciting.”Home truthsIn a poll of over 160,000 conducted by USA Today, “Born to Play” ranked fifth of the 59 commercials shown during Super Bowl LVIII. “But I think that attitude is changing now.”Umenyiora (left) celebrates his second Super Bowl victory with teammate Devin Thomas after the Giants defeated the New England Patriots in Super Bowl XLVI in 2012. “This campaign shows young people globally that it doesn’t matter where you were born, but you were born to play.”
Persons: Usher, hurtling, Saquon Barkley, Justin Jefferson, Cameron Jordan, Jeremiah Owusu, Koramoah, Eldad Osime, Africa –, , NFL “, ” Umenyiora, , Andrew Dosunmu, Jay, Jay Okocha, Rashidi, Hakeem “, ” Olajuwon, Umenyiora, , they’re, Devin Thomas, Rob Carr Organizations: CNN, NFL, Camp, New York Giants, end’s, USA, , Super Eagles, Giants, New England Patriots, Super, , National Football League Locations: Las Vegas, Accra, British, Africa, Lagos, Ghana, London, Anambra, Ogbunike, Nigeria, America, Canada, North America
A general view of Super Bowl signage displayed in the NFL Super Bowl Experience ahead of Super Bowl LVIII on February 06, 2024 in Las Vegas, Nevada. Super Bowl 58 kicks off at 6:30 p.m. The Super Bowl is advertising's biggest stage, with companies jockeying for a limited supply of spots to get their products in front of millions of consumers. Even as linear ad revenue slips, companies know there's no opportunity guaranteed to reach more people than the Super Bowl. — Amelia Lucas, Michael Wayland, Micah Washington, Gabrielle Fonrouge, Lorie Konish, Drew Richardson and Jordan Novet contributed to CNBC's Super Bowl coverage.
Persons: Bob Iger, Jason Momoa, Quinta Brunson, Jenna Ortega, Tina Fey, Kate McKinnon, Pete Davidson, Addison Rae, Usher, — Amelia Lucas, Michael Wayland, Micah Washington, Gabrielle Fonrouge, Lorie Konish, Drew Richardson, Jordan Novet Organizations: NFL, Super, AFC, Kansas City Chiefs, NFC, San Francisco 49ers, Disney, CBS Locations: Las Vegas , Nevada, Las Vegas, U.S
How to become a billionaire
  + stars: | 2024-01-23 | by ( Henry Blodget | ) www.businessinsider.com   time to read: +6 min
But, according to one friendly billionaire, Mark Cuban, there's no downside to being one. But by far the most common way to become a billionaire in the US is to make tons of money. If that were Brady's only income, and he saved all of it, it would still take him 50 years to become a billionaire. Others are shares of partnerships (hedge funds or private-equity funds, for example) or licensing agreements (like billionaire Michael Jordan's deal with Nike). Mark Cuban also recently said that becoming a billionaire is all about luck.
Persons: , Mark Cuban, year's, Forbes, Tom Brady, Michael Jordan's, Warren Buffett, Berkshire Hathaway, Luck, it's Organizations: Service, Business, year's Forbes, Forbes, NFL, Nike, Berkshire, Microsoft, Oracle, Google, Facebook, Bloomberg, Berkshire Hathaway, Amazon, Walmart Locations: Berkshire, America, Norway, Dell
Josh Allen is one of the top quarterbacks in the NFL and he's paid accordingly. The 6-foot-5 superstar has already earned nine figures over six seasons with the Buffalo Bills. AdvertisementJosh Allen has gone from an overlooked high school prospect to an NFL superstar in the span of a decade. The Buffalo Bills quarterback has proven himself to have one of the strongest arms in all of football. AdvertisementHere's how Allen makes and spends his millions:
Persons: Josh Allen, he's, , He's, Allen Organizations: NFL, Buffalo Bills, Service, Bowls
LIV Golf ups international events for 2024, adds Las Vegas stop
  + stars: | 2023-11-22 | by ( ) www.reuters.com   time to read: +1 min
None of the announced tournaments are at courses owned by former U.S. President Donald Trump, who has hosted five LIV Golf events over the circuit's first two years, but there are three open slots still on the schedule. The other still-to-be named sites are for an April 5-7 event in the United States, which will take place the week before the Masters, and the individual championship. In 2023, LIV held six events internationally and eight in the United States. "Our goal has always been to create a worldwide league that inspires progress and attracts new fans to the sport that we love," LIV Golf Commissioner and CEO Greg Norman said in a news release. "LIV Golf is stronger than ever, and next season will accomplish that goal and more."
Persons: LIV Golf, Donald Trump, LIV Golf's, LIV, Greg Norman, Frank Pingue, Ed Osmond Organizations: U.S, LIV, Trump's, Doral Golf, NFL Super, Houston, Thomson Locations: United States, Saudi Arabia, Florida, Mayakoba, Mexico, U.S, Nashville, Hong Kong, Australia, Singapore, Spain, Britain, Toronto
LAS VEGAS (AP) — The famous fountains at the Bellagio won't be very visible this week amid the roar of Formula One racing on the Las Vegas Strip, and gondoliers won't be serenading tourists at the Venetian resort. They hope Las Vegas will join Monaco on the leader board of host cities for Grand Prix events around the world. Green remembered Las Vegas Boulevard casino-hotels including the Dunes, Barbary Coast, Frontier, Silver Slipper, Sands, Desert Inn and Stardust. Huge properties new to the resort corridor include Resorts World, which opened in 2021, and Fontainebleu Las Vegas, due to open next month. “I think what what is happening is Las Vegas is becoming the epicenter of the 'fun economy,'” Feldman said.
Persons: Michael Green, , Green, , They’re, Joshua Guray, Charles Flexer, Clark, Jim Gibson, Gibson, it’s, ” Vanessa Anthes, Andrew Walsh, Walsh, Wynn, Evel Knievel, Alan Feldman, Bo Bernhard, ” Bernhard, ” Feldman, Ty O'Neil Organizations: LAS VEGAS, Bellagio, Las, gondoliers, University of Nevada, , Vegas, Monaco, Grand Prix, MGM Resorts International, selfies, Las Vegas, One Las Vegas, Police, NHL Vegas Golden Knights, WNBA Las Vegas Aces, NASCAR, Vegas Motor, NFL, Allegiant, Hollywood, Cosmopolitan, International, Seminole Tribe, Caesars, Villa, Caesars Palace, International Gaming Institute, UNLV, Tourism Council Locations: Las Vegas, Long Beach , California, Williamsport , Pennsylvania, Clark County, ” Clark, Vegas, Harrah’s, Flamingo, Horseshoe, Paris Las Vegas, Florida, Barbary Coast, Sands, Los Angeles
But investor concerns over an unevenness to the Macao recovery sparked selling in afterhours trading, sending Wynn stock down more than 5% — and creating a potential buying opportunity. Despite these positives, Thursday evening's sell-off brought Wynn stock to about $40 below the level at which was trading in 2019. However, the company's two properties in the region – Wynn Palace and Wynn Macao – are not enjoying an equal pace of recovery. In the third quarter of 2023, Wynn Macao generated about $78 million in profits, which when annualized is only $312 million. The weakness at Wynn Macao has the market concerned Thursday about a loss of market share.
Persons: Wynn, , we're, management's, Wynn Al, There's, annualized, Craig Billings, Jim Cramer's, WYNN, Jim Cramer, Jim, Pual Yeung Organizations: Wynn Resorts, WYNN, LSEG, Wynn Macao, Wynn, United Arab Emirates, Vegas, Management, Prix, NFL, Wynn Interactive, CNBC, Bloomberg, Getty Locations: Las, Macao, China, Las Vegas, Boston, Wynn Al Marjan, EBITDAR, Wynn Macao, Vegas, RevPar
Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. MAY 2019Bankman-Fried and former Google employee Gary Wang found FTX as a new platform to trade crypto tokens and derivatives. Bankman-Fried debuts on the Forbes billionaires list, which estimates his net worth at $22.5 billion. Alameda gives crypto lender Voyager Digital a $200 million credit facility, and FTX gives lender BlockFi a $250 million loan. In a post-arrest blog post, Bankman-Fried denies stealing funds and blames FTX's collapse on a broader downturn in crypto markets.
Persons: Sam Bankman, Fried, Amr Alfiky, Gary Wang, Larry David, CoinDesk, Binance, FTX, Changpeng Zhao, David, Tom Brady, Wang, Caroline Ellison, District Judge Lewis Kaplan, Nishad Singh, Kaplan revokes, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: United, REUTERS, Massachusetts Institute of Technology, Jane Street Capital, Alameda Research, Google, Forbes, Alameda, NFL, DEC, U.S, District, New York Times, Metropolitan Detention Center, Thomson Locations: New York City, U.S, Alameda, Bahamas, Manhattan, United States, Palo Alto , California, New York
Singh said another FTX executive had told him the deals were meant to help spur user growth. 'I WAS A STRAW DONOR'Bankman-Fried's trial, which started on Oct. 3, has so far focused largely on how prosecutors say Bankman-Fried allowed Alameda to plunder FTX customer funds. Singh gave jurors a window into Bankman-Fried's political operation. He said another FTX executive, Ryan Salame, had access to his bank account to make donations via wire transfers. "I knew that the money for those donations was coming from customer funds."
Persons: Sam Bankman, Andrew Kelly, Fried, Nishad Singh, Bankman, Singh, Tom Brady, Gisele Bundchen, Steph Curry, Larry David, Katy Perry, Orlando Bloom, Michael Kives, Hillary Clinton, FTX, Gary Wang, Caroline Ellison, Alameda's, Gabriel, Gabriel Bankman, Ryan Salame, District Judge Lewis Kaplan, Luc Cohen, Matthew Lewis, Stephen Coates Organizations: FTX, Manhattan, REUTERS, Alameda Research, U.S, Democratic, Prosecutors, Alameda, Miami Heat's, District, Monday, Thomson Locations: New York City, U.S, Alameda, Fried, . U.S, New York
REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies Champion Trust Llc FollowNEW York, Oct 16 - The jury at Sam Bankman-Fried's fraud trial on Monday saw a photograph of the FTX cryptocurrency exchange founder with singer Katy Perry and actor Orlando Bloom at the 2022 NFL Super Bowl. Singh is the third former member of Bankman-Fried's inner circle to testify at the trial, which started on Oct. 3. Bankman-Fried has pleaded not guilty to two counts of fraud and five counts of conspiracy tied to FTX's November 2022 collapse. Singh said another FTX executive had told him the deals were meant to help spur user growth. Since his trial, Bankman-Fried has been seen during testimony typing on a laptop and whispering to his lawyers.
Persons: Sam Bankman, Andrew Kelly, Katy Perry, Orlando Bloom, Prosecutors, Nishad Singh, FTX's, Singh, Gary Wang, Caroline Ellison, Alameda's, Fried, Perry, Michael Kives, Tom Brady, Gisele Bundchen, Steph Curry, Larry David, District Judge Lewis Kaplan, Kaplan, Luc Cohen, Nick Zieminski Organizations: FTX, Manhattan, REUTERS, Bowl, Alameda, Miami Heat's, District, Bankman, Prosecutors, New York Times, Brooklyn's Metropolitan Detention Center, Thomson Locations: New York City, U.S, Los Angeles, Brooklyn's, New York
REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsOct 3 (Reuters) - Sam Bankman-Fried's fraud trial, which is set to kick off on Tuesday, marks the culmination of a yearlong legal saga stemming from the dramatic collapse of the FTX cryptocurrency exchange he founded. Below is a timeline of key events leading up to the 31-year-old former billionaire's trial. MAY 2019Bankman-Fried and former Google employee Gary Wang found FTX as a new platform to trade crypto tokens and derivatives. Alameda gives crypto lender Voyager Digital a $200 million credit facility, and FTX gives lender BlockFi a $250 million loan. In a post-arrest blog post, Bankman-Fried denies stealing funds and blames FTX's collapse on a broader downturn in crypto markets.
Persons: Sam Bankman, Eduardo Munoz, Gary Wang, Larry David, Fried, CoinDesk, Binance, FTX, Changpeng Zhao, David, Tom Brady, Wang, Caroline Ellison, District Judge Lewis Kaplan, Nishad Singh, Kaplan revokes, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: REUTERS, Massachusetts Institute of Technology, Jane Street Capital, Alameda Research, Google, Forbes, Alameda, NFL, DEC, U.S, District, New York Times, Metropolitan Detention Center, Thomson Locations: New York, U.S, Alameda, Bahamas, Manhattan, United States, Palo Alto , California
Los Angeles 2028 decision on new sports in next few weeks-IFAF
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +2 min
An LA2028 sign is seen at the Los Angeles Coliseum to celebrate Los Angeles being awarded the 2028 Olympic Games, in Los Angeles, California, U.S., September 13, 2017. REUTERS/Lucy Nicholson/File PhotoBERLIN, Aug 14 (Reuters) - A decision on which new sports will be included in the Los Angeles 2028 Olympics is likely to come in the next few weeks, the head of the International Federation of American Football said on Monday. "We expect a decision (from LA2028 organisers) in the coming weeks," IFAF President Pierre Trochet said in a call with reporters. Flag football is banking on its support in the United States, growing popularity abroad as well as potential participation of NFL players at the Games to make it to Los Angeles. The LA 2028 organisers can decide on several sports to be included.
Persons: Lucy Nicholson, Pierre Trochet, Brett Gosper, Karolos Grohmann, Hugh Lawson Organizations: Los Angeles Coliseum, REUTERS, International Federation of American Football, . Flag, Olympic Committee, Flag, NFL, Games, breakdancing, Tokyo Games, Thomson Locations: Los Angeles, Los Angeles , California, U.S, Los, Mumbai, United States, NFL Europe
DirecTV has struck a multiyear deal to continue broadcasting the National Football League's "Sunday Ticket" package to commercial establishments, including bars and restaurants. The NFL sold the "Sunday Ticket" commercial rights to EverPass Media, a joint venture owned by private equity firm RedBird Capital Partners and the NFL, earlier this year. The companies confirmed the "Sunday Ticket" deal on Thursday afternoon. Bars and restaurants, such as Buffalo Wild Wings and Hooters, rely on "Sunday Ticket" to bring in big crowds on Sundays during the NFL season. The NFL signed a seven-year deal with Google 's YouTube TV for the residential "Sunday Ticket" broadcast rights in December.
CNN —Jackson Mahomes, the younger brother of NFL superstar Patrick, was arrested and charged with sexual battery on Wednesday, according to court records. Mahomes was charged with three counts of aggravated sexual battery and one of battery by the Johnson County District Attorney’s Office. Jackson Mahomes has risen to fame in recent years with his social media content, including his TikTok account which has over a million followers. Patrick Mahomes runs off the field after the first half against the Las Vegas Raiders at Allegiant Stadium on January 7. Chris Unger/Getty ImagesCNN has reached out to the Chiefs to see if Patrick Mahomes would be commenting on his brother’s arrest but has yet to hear back.
WASHINGTON, Feb 8 (Reuters) - Fresh off a State of the Union speech to Congress that challenged opposition Republicans to help unite the country, President Joe Biden heads to two U.S. states crucial to his expected 2024 re-election bid. Biden travels first on Wednesday to DeForest in Wisconsin, a state that flipped from supporting Republican former President Donald Trump in 2016 to favoring Biden in 2020. There, Biden is expected to laud the economic progress he touted in his State of the Union speech on the strength of the U.S. labor market. The old-age and healthcare programs are popular among voters, especially in a state with one of the largest elderly populations. Tuesday's speech was widely considered among officials as a test run of the message he will use in his campaign.
They said that criminal charges are rare even in accidental shooting deaths that take place in non-professional settings without safety protocols. Host Alec Baldwin arrives at the 2nd Annual NFL Honors in New Orleans, Louisiana, February 2, 2013. Experts interviewed by Reuters could not cite another instance in which criminal charges stemmed from an accidental shooting death on a film set. And civil suits against Baldwin that are pending have claimed systemic cost-cutting led to dangerous conditions on set, allegations Baldwin and the film's production company have denied. Involuntary manslaughter charges are most common in fatal traffic accidents involving extreme recklessness, such as intoxication or excessive speeding, according to experts.
A federal judge on Wednesday dismissed a proposed class action lawsuit by investors against the founders of the cryptocurrency EthereumMax, as well as celebrity endorsers including Kim Kardashian and boxer Floyd Mayweather Jr. over their promotion of the cryptocurrency on social media. Investors who bought EMAX tokens alleged they had suffered losses after taking the word of the celebrity influencers about the value of the crypto. The suit claims the defendants engaged in a conspiracy to artificially inflate the value of the EMAX tokens. "We're pleased with the court's well-reasoned decision on the case," Michael Rhodes, a lawyer for Kardashian, told CNBC. Fitzgerald in his ruling Wednesday said the EthereumMax lawsuit reflects a broader conflict surrounding celebrity and influencer promotional schemes.
Elizabeth Warren and Dick Durbin are demanding FTX founder Sam Bankman-Fried hand over a trove of documents that will shed light on the extraordinary and swift downfall of his crypto exchange. “Billions of dollars worth of investor funds seem to have disappeared into the ether,” Warren and Durbin wrote. The committee said it expects to hear from the companies and individuals involved, including Bankman-Fried. That Reuters report said Bankman-Fried used this “backdoor” to transfer $10 billion in FTX customer funds to Alameda, the hedge fund, and at least $1 billion is now missing. Warren and Durbin ask in their letter if Bankman-Fried did in fact use a “backdoor” to transfer FTX customer funds and, if so, who else knew about it.
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