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While Tom Brady's endorsement has little economic value, it was money paid to him. I believe a bankruptcy court can undo past transactions, so that cash might b
by HWR_14 4y ago
While Tom Brady's endorsement has little economic value, it was money paid to him. I believe a bankruptcy court can undo past transactions, so that cash might be recoverable.
- l33t233372 4y agoThey can’t give Tom Brady his time back.
- HWR_14 4y agoOf the people stolen from, Tom Brady losing a day filming commercials is pretty low on the list of things I care about. Like he got paid $X for his endorsement. I would prefer that money go to the people whose life savings were stolen.
- chezelenkoooo 4y agoIs it really Tom Brady's responsibility to vet each and every one of his commercial offers? That seems unsustainable. He would have needed some pretty intimate knowledge of the crypto world along with the inner workings of FTX to know that it was a fraud. To me it seems like placing too much responsibility on people who shouldn't bear that responsibility.
- oblio 4y agoYour sibling comment says this: > Didn't exactly that happen, didn't Tom Brady put his life savings in FTX? :/ Which makes your comment seem funny or sad, depending on how you look at things.
- HWR_14 4y agoThis has nothing to do with knowing it was fraud or impending bankruptcy which has nothing to do with having a bankruptcy court claw back money given to you in preference of others. This is like Brady getting a bad check. So he doesn't get paid for acting. A lot of other people didn't get paid what they were owed.
- themitigating 4y agoI'm sure he has a PR person, agent, manager, etc. So yes it is their responsibility.
- l33tman 4y agoDidn't exactly that happen, didn't Tom Brady put his life savings in FTX? :/
- topkai22 4y agoThat’s a tough one as Brady wasn’t an investor or executive but a supplier. Will the media companies that FTX bought ads with also need to give back their fees?
- HWR_14 4y agoQuite possibly. Even without fraud, transactions within 90 days to a year of filing can be reversed by a bankruptcy court. Brady's transactions are more likely to be reversed because of his ongoing relationship with FTX than the media companies's transactions. With fraud, they timeline gets a lot longer.