The legal action against a celebrity promoter connected to FTX is receiving added support from a former executive.

Daniel Friedberg, who previously held the position of compliance officer at FTX and FTX US, has furnished a statement that could bolster the current lawsuit.

The ex-executive, in collaboration with legal representatives, is playing a significant role in a lawsuit against FTX, which was heavily promoted by celebrities.

Daniel Friedberg, a former FTX executive, is now supporting a class-action lawsuit targeting celebrities who allegedly endorsed the collapsed exchange. FTX On May 11, 2013, a proposed amendment regarding the class-action suit was submitted to a Florida District Court. This amendment claims that Friedberg has documented evidence indicating that promotional activities of FTX began in Florida. As the former Chief Regulatory Officer and Chief Compliance Officer at FTX US, Friedberg's input is crucial for the case.

Addressing Jurisdictional Issues and New Evidence

Some defendants contend that the Miami court does not have jurisdiction and assert that the claims lack ties to Florida. However, Friedberg's declaration may provide a counterargument to this line of defense. Avinash 'Avi' Dabir, who served as the Vice President of Business Development for FTX US, was based out of Miami and was responsible for overseeing FTX's brand ambassadors, which include notable figures like retired NBA star Shaquille O'Neal, comedian Larry David, and retired NFL quarterback Tom Brady. FTX founder Sam Bankman Fried This information is drawn from formal testimony.

Court documents reveal that Dabir was active from FTX's Miami office as early as 'early 2021.' This finding contradicts the assertions of the plaintiffs, as identified in the motions to dismiss filed by the defendants. Some of the alleged promoters argue that no conspiracy could have been coordinated in Florida since FTX did not even plan to relocate to Miami until late September 2022, long after the purported promotional agreements were established.

Extended Lawsuit and Ongoing Legal Developments

Thanks to the new evidence presented by Friedberg, the lawyers handling the class-action suit have expanded their claims. They are now tackling jurisdictional arguments posed by the defendants. A lawsuit was initiated in mid-November against multiple high-profile celebrity promoters. This group includes Gisele Bündchen, the then-wife of football star Tom Brady; businessman Kevin O'Leary; and basketball player Steph Curry along with the Golden State Warriors.

Reports indicate that the former compliance leader has also played a role in other legal matters involving the exchange where he previously worked. This information surfaced several months following the collapse of FTX, as authorities reportedly obtained insights from Friedberg.

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