{"id":2054085,"date":"2023-10-03T16:29:03","date_gmt":"2023-10-03T20:29:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sam-bankman-fried-reportedly-paid-tom-brady-55-million-for-ftx-advertising\/"},"modified":"2023-10-03T16:31:02","modified_gmt":"2023-10-03T20:31:02","slug":"sam-bankman-fried-reportedly-paid-tom-brady-55-million-for-ftx-advertising","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sam-bankman-fried-reportedly-paid-tom-brady-55-million-for-ftx-advertising\/","title":{"rendered":"Sam Bankman-Fried allegedly spent $55 million on FTX ads featuring Tom Brady."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsam-bankman-fried-reportedly-paid-tom-brady-55-million-for-ftx-advertising%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2054085&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Tom Brady \u200cattends\u200b Los \u200cAngeles Premiere Screening Of Paramount Pictures\u2019 \u201c80 For Brady\u201d at Regency Village Theatre on January 31, 2023 in \u200bLos \u200bAngeles, California. (Photo by Jon Kopaloff\/Getty Images)<\/figcaption><\/figure>\n<p>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/james-meyers\">James Meyers<\/a><br \/>1:15 PM \u2013 Tuesday, October 3, 2023<\/p>\n<p>A groundbreaking report has revealed that FTX founder Sam Bankman-Fried paid former New England Patriots quarterback Tom Brady a staggering $55 million for just 60 hours of work.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>During\u200d a recent episode of \u200cthe highly acclaimed show &#8220;60 Minutes&#8221; on <em>CBS<\/em>,\u200b author Michael Lewis shared intriguing \u2062details from his new book about Bankman-Fried, titled &#8220;Going \u2064Infinite: The Rise and Fall of a \u200cNew Tycoon.&#8221;<\/p>\n<p>According to Lewis, he came across internal \u200cmarketing documents from FTX that showcased substantial payments made to various celebrities.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cHe paid Tom Brady $55\u200c million for\u200b 20 hours a year for three years,\u201d Lewis revealed. \u201cHe paid Steph Curry $35 million for the same arrangement over three years.\u201d<\/p>\n<\/blockquote>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bankman-Fried turned to the sports world to bring\u2062 his FTX \u200dcrypto exchange legitimacy and visibility. Author Michael Lewis says he saw internal documents that showed\u200d the tens of millions paid to Tom Brady and Steph Curry, and for a Superbowl\u2064 ad, Larry David. <a href=\"https:\/\/t.co\/Fx6qfhrdPJ\">pic.twitter.com\/Fx6qfhrdPJ<\/a><\/p>\n<p>\u2014 60 \u2062Minutes \u2062(@60Minutes) <a href=\"https:\/\/twitter.com\/60Minutes\/status\/1708625969840300395?ref_src=twsrc%5Etfw\">October 1, 2023<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>According to Lewis, these payments were made\u200d in exchange for advertising and endorsements.<\/p>\n<p>Out of all the celebrities, Brady \u2062received the largest payment, as he appeared in several\u2064 commercials for FTX between \u20642021 and 2022.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cHe paid Tom Brady $55 million for \u200b20 hours [of work] a year for three years,\u201d Lewis revealed during his interview with \u201c60 Minutes.\u201d<\/p>\n<\/blockquote>\n<p>Interestingly, Lewis claimed that Bankman-Fried and Brady had a genuine liking for each other.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cI think Tom Brady thought he was just a really \u200dinteresting person. \u200dI think he liked to hear what he had to say,\u201d Lewis\u200b explained. \u201cAnd he really\u2063 liked Tom Brady. And\u2062 Sam wasn\u2019t, \u200blike, a\u2063 big sports person. So it was funny to watch that interaction. It was like, \u2018These two people actually get\u200b along.\u2019 It\u2019s like the class \u200bnerd and the quarterback.\u201d<\/p>\n<\/blockquote>\n<p>This\u2064 revelation comes amidst ongoing legal troubles for Bankman-Fried, who has \u200cbeen accused of defrauding investors. He was arrested last December\u200b on\u2064 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/vegan-sam-bankman-fried-living-off-bread-and-water-ahead-of-trial-lawyers-claim\/\" title=\"Vegan Sam Bankman-Fried sustains on bread and water before trial, lawyers say.\">federal charges including wire fraud<\/a>, \u2064securities law violations, \u200dmoney laundering, and other financial crimes.<\/p>\n<p>Bankman-Fried&#8217;s trial is set to begin \u2063on Tuesday in a Manhattan federal courtroom, and he could potentially face up to 110 years\u200d in prison.<\/p>\n<p>Stay informed! Subscribe to our newsletter and\u2064 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/xi-invites-putin-to-china\/\" title=\"Xi invites Putin to China\">receive breaking news directly<\/a> to your inbox for free. \u2063 <a href=\"https:\/\/www.oann.com\/alerts\">Subscribe here.<\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>President \u200bBiden\u2019s son, Hunter\u2064 Biden, appeared in Federal\u200b Court today, pleading not guilty on the gun charges brought about by Special Counsel David Weiss. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>California Governor Gavin Newsom appoints the\u2063 first <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/laphonza-butler-tapped-to-serve-as-senate-designate-following-death-of-sen-dianne-feinstein\/\" title=\"Laphonza Butler chosen as Senate-Designate after Sen. Dianne Feinstein's passing.\">openly gay black woman<\/a> to serve in\u00a0the U.S. Senate after 90-year-old longtime Senator Dianne Feinstein passed\u200c away last \u2062week. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with \u200dRep. Nicole Malliotakis<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with \u200cLuke Ball<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Sam Bankman-Fried\u2019s fraud \u2063trial got under way with jury selection on Tuesday, nearly a year after his now-bankrupt cryptocurrency exchange\u2019s\u00a0collapse.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-crypto-market-bears-the-scars-of-ftxs-collapse\/\" title=\"FTX's collapse left lasting scars on the crypto market.\">global cryptocurrency market remains badly scarred<\/a> following the tumultuous collapse of crypto \u200dexchange\u2062 FTX \u2063and other big players last year<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>A California federal judge has ruled \u200cpeople\u200b who own Tesla cars must pursue autopilot claims in individual arbitration rather than court.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Avio said its Vega\u2064 C rockets would return to flight in late 2024 after implementing fixes following a failed satellite launch.<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> In light of the legal challenges FTX is currently facing, including investigations into potential market manipulation,\u2064 what impact do these revelations about endorsement deals \u200bhave on the integrity of FTX as a platform and\u2062 the motivations behind such partnerships<\/h2>\n<p><span>  Fried and his cryptocurrency exchange, FTX. The company has faced \u2063scrutiny from regulators and has been the subject of investigations related to potential market manipulation. <\/p>\n<p>The revelation of Bankman-Fried&#8217;s lavish payments to celebrities like Tom Brady \u2064and Steph Curry has raised questions about the ethics and \u200btransparency\u2062 of such arrangements. Critics argue that these\u200b endorsement deals may give the impression of legitimacy and\u2063 credibility to FTX,\u200b without providing any real value to the consumers or\u2064 the crypto industry as a whole.<\/p>\n<p>It is not uncommon for companies to engage in celebrity endorsements as a marketing strategy. However, the magnitude of these payments, particularly in the case of Brady, raises eyebrows.\u2063 The\u200d fact that Brady received $55 million for just 60 hours of work over three years suggests that there may be more to these deals \u200bthan meets the \u2063eye.<\/p>\n<p>The payments made to Brady and Curry were reportedly for advertising and endorsement purposes, with Brady appearing in multiple commercials for FTX during 2021 and 2022. The idea of using celebrities to promote \u200ca brand is to capitalize on their fame and influence to attract customers. However, it is debatable whether these endorsements actually provide any genuine value \u200dto the consumers\u2062 or if they simply serve to \u2063bolster the image of the company.<\/p>\n<p>What is interesting \u200dabout this revelation is the apparent mutual liking between Bankman-Fried and Brady. According to author Michael Lewis, Brady found Bankman-Fried to \u200bbe an interesting person and enjoyed hearing what he had to say. \u2064This unlikely friendship between a successful athlete and \u200da \u2062crypto tycoon adds another layer of intrigue to the story.<\/p>\n<p>In the midst of these revelations, FTX continues to face legal challenges.\u200c The company has been under investigation for potential market manipulation and is also dealing with regulatory\u200d concerns. These legal troubles, in combination with \u200dthe extravagant endorsement deals, raise questions about the integrity of FTX as \u2062a platform and the motivations behind such\u2063 partnerships.<\/p>\n<p>Overall,\u2064 this report sheds light on the questionable practices \u2062of FTX and the\u2062 crypto industry as a whole. The use of celebrity endorsements may provide temporary visibility and credibility, but it raises concerns about transparency and the true value offered to consumers. As the crypto industry continues to evolve and face regulatory scrutiny, it is crucial for companies to prioritize transparency, integrity, and \u200bgenuine value in their operations and \u2062partnerships.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brady a visit at the Los Angeles premiere screening of &#8220;80 For Brady&#8221; on January 31, 2023. The event took place at the Regency Village Theatre in Los Angeles, California. A photo captured the moment, featuring Tom Brady alongside FTX founder Sam Bankman-Fried. OAN&#8217;s James Meyers reported this on Tuesday, October 3, 2023, at 1:15 PM.<\/p>\n","protected":false},"author":2301,"featured_media":2054086,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2054085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2054085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2301"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2054085"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2054085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2054086"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2054085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2054085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2054085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}