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Investors lost billions betting on crypto. Now this lawyer wants Sam Bankman-Fried, Shaq and dozens of other celeb endorsers to pay the price. - Fortune

technology

Last October, Florida attorney Adam Moskowitz sorely needed what he dubs “extra firepower” to propel a high-profile class action lawsuit against the Dallas Mavericks and their owner, Mark Cuban. Moskowitz saw the move as essentially the start of a new legal campaign: targeting celebrities and influencers who had promoted failed crypto products on behalf of ordinary folks who’d lost, in total, tens of billions of dollars to those heavily touted schemes. In late 2021, Moskowitz had sued digital currency lender Voyager for allegedly selling deceptive, unlawful accounts. But in July of 2022, Voyager went bankrupt, and Moskowitz had little hope of getting much money back for the 3.5 million customers who’d lost an estimated $3.5 billion on ...

Fortune     May 08, 2023