Are these two athletes pictured above your investment advisors? If so you are dire straits my friend. Never, ever-ever-ever-ever-ever! Let a professional athlete give you investment advice and direct your hard-earned money. These two [geniuses] who pushed to be compensated strictly in crypto currency have lost $millions and $millions thus far. These guys are part of a large group of athletes that play with balls all day, for years and sometimes decades all they ever did was learn how to catch, throw, run with, kick or shoot a ball and now they’re experts in investing? I don’t think so. Are you aware of how many professional athletes have ended up completely broke and even living under a bridge once their contracts ended?

Turns out that today these two fools have a serious failure to communicate with a crypto exchange venture that gave them favored spokesman status for pouring $millions into a Ponzi scheme known as FTX exchange run by a 30-year old dweeb [now on the run], Sam Bankman-Fried. Now what do these two genius athletes do? They’re going to sue Bankman-Fried because [in turn] they’re being sued by folks they talked into an unregulated security? Truly laughable stuff. You think Sam has anything left to sue for? The only folks that are going to get paid here are attorneys, and they’ll make a mint! The Democrat Party came out pretty good as well, receiving at least $40 million in donations per year from Bankman-Fried. For Tom Brady and Steph Curry, they need to see if all those Democrats will cut them a check? LMAO!

This pre-novel, and soon to be released movie, is a story that morphed from a “What could possibly go wrong here?” into “What could possibly go right?!” Hilarious-ness. All these crypto fools were warned and warned for years about investments in virtual coins, so hard to feel for many of the victims of fraud here. Crypto has never been a regulated industry which lends itself to great lessons for anyone caught up in this mess – just know the following information on investments going forward:

It is entirely possible for you to lose money even in regulated securities, or securities which have some contractual agreements or backstops for what some firm and/or individual is going to do to perform under the contract. Investors even lose money in these securities, happens all the time. Investments are extremely difficult to analyze and therefore time. Now let’s consider when you’re investing in a security that the Security and Exchange Commission (SEC), has never regulated. In fact the SEC has never even published an opinion on crypto currencies. Probably due to the fact that they could never be totally understood. Thus, it’s like the Wild, Wild West as far as what any party will do or is required to do to perform for an investor, or a lack of pre-defined rules [disclosures] about who’s going to do what in any situation in accordance with a predetermined agreement.

This might be the way that Sam Bankman-Fried gets off the hook on exactly where all the investor money he squandered went, to the tune of $1 billion plus. There were no contracts in place and therefore, maybe no tort law applies here? I’m not certain since I’m not an attorney but who knows any level of promise made for FTX depositors. Sources have said that the Democrat Party received a lions’ share of donations from this dweeb while investor money was rolling in so we know that investor funds were diverted to places [unbeknownst to individual investors]. Imagine that, the Democrat Party finds itself involved in yet another scandal. LMAO!

When you consider the “unregulated” industry that encompasses all of crypto, and FTX run by a 30-year old dweeb whose mother happens to be a law professor @ Stanford University, you come to the understanding that these people were knee deep in Democrat Party politics. These are some bad folks whereas professional athletes did not have bad intent it’s just that they lack a ton of knowledge in the investment world. What happens on a basketball court or a football field is a whole universe away from what happens in the investing world. Considering that probably 9 out of 10 of these athletes were elevated through high school and college by virtue of the fact that they run, throw, kick, or shoot a ball. Understanding that most of them were given passing grades without even attending classes; this being the biggest hidden secret in American academia today, and for decades. Some of these athletes get out of school and still can’t read or write. Pitiful! They were recruited to be on a team and wear a uniform and to represent their school, that’s it. Thus, most of them learned zero about any truly scholastic pursuit which would have educated them and benefited them [going forward]. They skip out on important courses like Contracts & Tort Law and Investments and Monetary Policy, and many other relevant subjects. But yet later so many are placed in a position of spokesperson for a brand. What’s wrong with this picture? When you’re listening to investment advice and someone says that prior to advising clients that they were an athlete in college or the pros, buyer beware is all [the rest] I have to say. 😉

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