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☆ Why Tom Brady, David Ortiz, Jimmy Fallon and other celebrities are getting sued over crypto
  + stars: | 2022-12-14 | by ( Jennifer Korn | ) edition.cnn.com   time to read: +4 min
Tom Brady, Madonna, Gwyneth Paltrow and baseball Hall-of-Famer David Ortiz are just some of the big names facing lawsuits from investors as the crypto world crumbles in the wake of FTX’s fall from grace. The backlash started earlier this month, when a class-action suit was filed against celebrities, including Jimmy Fallon, Justin Bieber and Serena Williams for promoting Bored Ape Yacht Club NFTs. None of the celebrities named in the lawsuits immediately responded to requests from CNN for comment. Investors in FTX are not expected to be able to recover their money, the company’s CEO testified on Capitol Hill Tuesday. And after the crypto market bust and a round of lawsuits, celebrities may think twice about what they endorse in the future, too.
☆ Herschel Walker had ties to two charities that appear to have engaged in little, if any charity
  + stars: | 2022-12-05 | by ( Hanna Kang | ) www.businessinsider.com   time to read: +11 min
He was also featured in marketing material for the Livio Cares Foundation and was listed as a Livio Cares Partner. However, there is no evidence Livio Cares engaged in philanthropic activities. According to ProPublica's Nonprofit Explorer, Walker was listed as the director of VMP Nutrition Foundation in Fort Worth, Texas. According to the Texas Comptroller of Public Accounts website, the right to transact business in Texas for VMP Nutrition as well as VMP Nutrition Foundation is listed as "forfeited." In 2017, VMP Nutrition and its founder Rodriguez settled a lawsuit filed by Southside Bank for an alleged failure to repay a $2,795,534 lien.
☆ Investors have filed a lawsuit against FTX celeb endorsers like Tom Brady, Steph Curry, and Larry David
  + stars: | 2022-11-16 | by ( Nathan Mcalone | ) www.businessinsider.com   time to read: +2 min
Investors have filed a lawsuit against celebs who promoted the defunct crypto exchange FTX. The suit names celebs who range from sports stars like Tom Brady and Steph Curry to Larry David. FTX, which filed for bankruptcy on Friday, had invested millions in promotions like high-profile partnerships with celebs, sponsorships including the Miami Heat's FTX Arena, and deals with finance influencers. Several finance influencers who promoted FTX have apologized to their fans in recent days, including YouTuber Graham Stephan, Insider previously reported. FTX and representatives for Brady, Curry, Ortiz, David, and O'Leary did not immediately respond to Insider's request for comment.
☆ Costlier credit: Some retailers' cards now carry APRs of more than 30%
  + stars: | 2022-11-15 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +3 min
Minneapolis CNN Business —There has long been a threshold that few issuers of store-branded credit cards have been willing to surpass: the 30% annual percentage rate. At least a half-dozen major retail credit cards — including those for Kroger, Bloomingdale’s, Macy’s, Shell, Exxon Mobil and Wayfair — recently bumped up their maximum APRs to more than 30%, according to Matt Schulz, chief credit analyst for LendingTree. And that credit is getting costlier as high inflation is forcing American consumers to rack up more debt. The increases come amid robust consumer demand and higher prices for everything from mortgages to food to fuel. “Credit cards are like power tools,” Rossman said.
☆ How Recurrent Ventures went from media darling to another publisher hit by layoffs and struggles
  + stars: | 2022-11-15 | by ( Steven Perlberg | ) www.businessinsider.com   time to read: +14 min
Recurrent Ventures made a digital-media splash with acquisitions like The Drive and Popular Science. In May of last year, Recurrent Ventures announced its flashiest deal yet: a $300 million fundraising round led by the private-equity giant Blackstone. To make a more appealing parent brand to house a growing fleet of media properties, they eventually created a new entity called Recurrent Ventures. Recurrent Ventures expanded as it acquired well-known publishers like the 150-year-old Popular Science. Recurrent Ventures shut down MEL Magazine, the men's lifestyle publication it once planned to make the centerpiece of a new lifestyle vertical of sites.
☆ Russian missile barrage shatters four-month calm in Ukrainian capital
  + stars: | 2022-10-10 | by ( Max Hunder Jonathan Landay | Max Hunder | Jonathan Landay | ) www.reuters.com   time to read: +5 min
"This is terrorism and I do not understand why a terrorist country is not recognized as such," the 52-year-old history teacher said of the Russian missile strikes that slammed into the Ukrainian capital during Monday's morning rush hour. Russia charged Ukraine with responsibility, while a Ukrainian presidential aide blamed the incident on infighting between Russian security bodies. Two missiles landed in quick succession on the edges of Shevchenko Park in central Kyiv, one striking a busy intersection next to a major university. People began trickling back into Shevchenko Park around lunchtime, curiously examining the huge crater. Denys Mykhailovskyi, 38, was studiously clearing glass from the floor of his basement bar, near the Shevchenko Park playground where a missile landed.
☆ China's top livestreamer resurfaces 3 months after his show was cut short as he was showing off a military tank-shaped cake on the eve of the Tiananmen massacre
  + stars: | 2022-09-21 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
China's top influencer Li Jiaqi's livestream was cut short after he showed off a tank-shaped cake. The incident took place on June 3, a day before the anniversary of the 1989 Tiananmen massacre. He was referring to Alibaba's ecommerce platform and the Chinese version of TikTok, respectively. The ecommerce giant has already lost another top livestreamer, Viya, whose accounts went offline after a tax evasion scandal last year. Viya, who was known for hosting a popular shopping stream on the e-commerce platform Taobao, is still missing in action.
☆ Overlooked No More: Lee Godie, Eccentric Chicago Street Artist
  + stars: | 2022-01-21 | by ( Jeremy Lybarger | ) www.nytimes.com   time to read: 1 min
This article is part of Overlooked, a series of obituaries about remarkable people whose deaths, beginning in 1851, went unreported in The Times. Anyone who passed through downtown Chicago in the 1970s or ’80s might have encountered a weathered blond woman wearing a rabbit fur coat and men’s orthopedic slip-ons as she hawked her art on Michigan Avenue. If you looked like a prospective buyer, she would slowly, seductively, unfurl her latest canvas as you approached. Frenchy,” a racy hit from World War I, was her favorite. The eccentric “bag lady,” as she was often called, was Lee Godie, one of the city’s most iconoclastic artists.
Persons: unfurl, Lee Godie Locations: Times, Chicago, Michigan
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