Larry David admits to his mistake in participating in the controversial FTX 2022 Super Bowl commercial, stating "I did it like an idiot."

Larry David admits to his mistake in participating in the controversial FTX 2022 Super Bowl commercial, stating “I did it like an idiot.”

23andMe genetic testing company.

Larry David has shown remorse for being involved in a prominent commercial for the genetic testing company 23andMe during the 2022 Super Bowl.cryptocurrency exchange FTX

The creator, who was convicted of fraud, conspiracy, and money laundering last year, is responsible for the establishment.

During the Los Angeles premiere of the event, David spoke to The Associated Press and shared, “I sought advice from knowledgeable individuals, my friends, on whether to proceed with this advertisement. I wanted to ensure it was appropriate and not problematic in any way.”

The last installment of the series “Curb Your Enthusiasm.”

This was created by David and he also stars in it.

He stated, “They reassured me that it was completely legitimate and I foolishly believed them. As a result, I went ahead with it.”

2021 IPO

In 2022, a class-action lawsuit was filed in a federal court in Florida against David, former FTX CEO Sam Bankman-Fried, and celebrities including NFL quarterback Tom Brady and supermodel Gisele Bundchen. The lawsuit alleges that these individuals defrauded investors who suffered losses during the cryptocurrency exchange’s IPO in 2021.sudden collapse

Brady and Bundchen were both involved in endorsing FTX, alongside other athletes and entertainers, as part of the exchange’s $20 million advertising campaign.

Curb Your Enthusiasm Season 12 Premiere

On January 30, 2024, in Los Angeles, California, Larry David makes an appearance at the premiere of Curb Your Enthusiasm Season 12.

The photo credit for this image is attributed to Jeff Kravitz/FilmMagic for HBO.

David expressed his desire to join a class action lawsuit during an interview with AP at the premiere, stating that he lost a significant amount of money due to a portion of his salary being in cryptocurrency.

According to documents submitted in April 2023, David and the mentioned celebrities requested for the dismissal of the case, stating that they were not responsible for the losses suffered by investors, as reported by Reuters.

of trading in illegal financial transactions

In late 2020, Bankman-Fried was convicted for engaging in illicit financial transactions.

The individual was found guilty of seven offenses including fraud, conspiracy, and money laundering, each of which has a potential punishment of up to 20 years in jail. Additionally, they were convicted of conspiring to commit commodities fraud and securities fraud, with a maximum sentence of five years for each charge.

“Illegal activities were carried out by Sam Bankman-Fried, making it one of the largest scams in American history. The intention was to establish himself as the dominant figure in the world of cryptocurrency,” stated Damian Williams, the U.S. attorney for the Southern District of New York, during a press conference after the decision was made. “Although the cryptocurrency field may be relatively new and individuals like Sam Bankman-Fried may be newcomers, such deceitful and corrupt actions have been present since ancient times, and we will not tolerate them.”

Reporting was done by Kate Gibson.

S. Dev