No. of Recommendations: 5
I had dinner with some friends last week and told them that -- EASILY -- the person who had the worst 2022, if scored on an unforced error basis, HAS to be Tom Brady. (Cue John Camponera impression of Harry Carry voice...)
I mean, here's a guy...
* who was arguably the best QB to ever play in the NFL
* was worth something near $250 million dollars
* who was married to a SUPERMODEL
* who was married to a SUPERMODEL whose net worth was near $400 million
* who jointly invested in FTX with his wife -- presumably in both the FTX firm itself and cryptocurrency holdings
* who agreed to act as celebrity husband/wife endorsers for FTX
* who retires from the NFL as arguably the best QB of all time
* who retires from the NFL with no immediate signs of CTE or similar classic post-NFL health disasters looming
* who then decides to un-retire and come back to the NFL
* who apparently did not involve said supermodel wife in the un-retirement decision, triggering a divorce
* proceeds to have not only the worst season of HIS previously storied career but one of the worst seasons of any QB in the league
* who now may have lost a significant chunk of his wealth, along with the ex-wife
* who now may face criminal charges for shilling for FTX, along with the ex-wife
It boggles the mind.
Though Kardashian was targeted for an endorsement deal she had with EthereumMax, it was settled before going to trial for a $1 million dollar penalty. Some are pointing to that as a sign that similar figures like Tom Brady, Gisele Bundchen, Steph Curry and others might not actually get convicted of criminal charges but it seems assured they WILL be spending significant quality time with teams of lawyers for months fending off civil suits from customers of FTX and potential criminal investigations from the SEC or FTC.
As I discussed with this post on my blog,
https://watchingtheherd.blogspot.com/2022/11/a-tal... people who are 'investing' or even knowingly speculating in cryptocurrencies and the exchange / trading systems popping up to support them have no grasp whatsoever of the true underlying concepts of fiat money, payment systems and banking. The fact that idiots like Tom Brady or Kim Kardashian have attempted to make a buck by getting involved and drawing in other marks shouldn't be the cause of lost sleep. The fact that firms like Sequoia Capital are making $210 million dollar bets on arrogant, video-game-playing dorks like Sam Bankman-Fried and that our Too Big To Fail banks are still chomping at the bit to 'invest' in these ponzi schemes is the REAL concern.
WTH
