FTX Bankruptcy Docs Reveal Tom Brady, Gisele Bundchen in Extreme Financial Danger, Set To Lose Gargantuan 1.8 Million Shares in Total Wipe Out
Crypto exchange company FTX, which once had a $32 billion valuation, is now bankrupt and its founder, Sam Bankman-Fried, has been accused of massive fraud. FTX collapsed in November and since then, numerous reports have exposed their shady financing practices, like having customers send funds to a fake electronics retailer. Many people who invested their money into the company have lost millions of dollars. FTX recently revealed a list of its top equity owners and it included celebrities like football player Tom Brady, model Gisele Bündchen, and New England Patriots owner, Robert Kraft. The mentioned celebrities have suffered a major loss following the company’s downfall.
Tom Brady and Gisele Bündchen suffered a massive financial loss
FTX’s downfall means everyone who was part of it will have to suffer as well. Football player Tom Brady, who was also the brand ambassador of the company, reportedly owned over 1.1 million common shares of FTX. Another celebrity who was on the FTX’s list of top equity owners was model Gisele Bündchen, Brady’s ex-wife. The model reportedly owned roughly 700,000 common shares of FTX. Now with the company’s blunder, people who bought shares will have to suffer from a massive loss that can affect their fortune.
FTX’s founder was accused of a massive fraud
FTX Trading Ltd., commonly known as FTX, is a company that formerly operated a cryptocurrency exchange and crypto hedge fund. The company is officially bankrupt and its founder, Sam Bankman-Fried, could face up to 115 years in prison if convicted of all the fraud charges that are put against him.
The company was accused of fooling customers into sending funds to a fake electronics retailer, and it was also revealed that billions of dollars in client funds were used to prop up Sam Bankman-Fried’s hedge fund, Alameda Research. His trial is due to begin in October.
Also read: Gisele Bündchen Bares it All For Louis Vuitton, Celebrates New Found Freedom After Tom Brady Divorce
Tom Brady and Gisele Bündchen recently ended their marriage
In October 2022, Tom Brady released an official statement announcing that his marriage with Gisele Bündchen has come to an end. The two started dating in December 2006 and were married for roughly 13 years. They share two kids, a son, Benjamin, 13, and a daughter Vivian, 10. At the time of their split, the reason was unclear, however, sources claimed that Tom Brady’s profession may have ended his marriage as the model wanted him to spend more time with his family. After their split, the two had to divide their assets, and the major loss because of FTX just adds up to their woes.
Source: BusinessInsider
