FTX Lawsuit Alleges Widespread Fraud and Securities Violations
Audet & Partners, LLP is investigating claims by an increasing number of Bahama residents as part of a FTX lawsuit that the cryptocurrency exchange, and its partners, illegally promoted FTX and the efficacy of FTX investments while failing to disclose the volatile and highly-leveraged nature of their accounts. Led by former CEO Sam Bankman-Fried, a legal resident of the Bahamas, and CEO of Alameda Research, Caroline Ellison, FTX enlisted numerous celebrities and high-profile franchises to create worldwide FTX presence resulting in billions of investment dollars infused from individuals around the globe.
Unbeknownst to the consumers, FTX’s business was constructed and promoted with flimsy corporate controls and dubious financial information that led to the collapse of FTX in November of 2022. As a result of this collapse, consumers that were induced to invest by misleading advertisement campaigns launched by FTX have been unable to withdraw the money they deposited in FTX’s services, as FTX does not have nearly enough liquid funds to honor money deposited with them.
If you are a resident of the Bahamas and invested money with FTX you may be entitled to recover investments that resulted from FTX’s suspected fraud, corporate malfeasance and/or misleading advertising initiatives. You are urged to contact Audet & Partners, LLP for a free, confidential consultation to determine whether you may have a viable claim for damages as part of the FTX lawsuit. You can contact us either by completing and submitting the inquiry form on the right side of this page or by giving us a call at 800-965-1461.