Patriots Ex Tom Brady & Gisele: $50 Million Loss in Cryptocurrency Scam?
We don't pretend to know very much about "cryptocurrency'' ... and now it appears that stars like Tom Brady and Gisele Bündchen don't know very much about it, either.
Brady, the future Hall of Fame quarterback and New England Patriots legend, was reportedly invested in the now-bankrupt cryptocurrency exchange FTX to the tune of $30 million. And supermodel Gisele - from whom Brady is now divorced - allegedly pitched in more than $18 million.
One report says that the couple's payoff “consisted almost entirely of FTX stock (that via the New York Times) ... which is apparently worthless now,
The report also states that Brady, 45, and Bündchen, 42, received stock in other companies via "tokens'' ... but that the FTX bankruptcy has erased all of that.
Additionally, it seems, the couple might be required to pay taxes on some of their stock in FTX, which in October 2022 proudly announced that Brady had been hired to serve as an "FTX ambassador'' while Bündchen would take on a role that would have her as the head of environmental and social initiatives.
Brady and Bündchen’s shares are seemingly worthless now because bankrupt, something the U.S. Securities and Exchange Commission in essence predicted when it accused accused FTX founder and former CEO Sam Bankman-Fried of “brazen” fraud.
Brady, Affleck and J-Lo
Brady will of course survive financially, and he seemed happy enough at billionaire Michael Rubin's A-lister "All-White Party'' over the July 4 weekend.
Brady and Bündchen were named in a class-action lawsuit against FTX for promoting the company, and were joined by NBA Hall of Famer Shaquille O’Neal, Warriors star Steph Curry and comedian Larry David. ... all of this after most of them participated in TV ads for FTX - with Tom an Gisele starring in an add that played during the 2022 Super Bowl.
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