Celebrities are being sued for promoting FTX in the advertising campaign from early 2022, but are they really guilty of defrauding investors? Even Larry David?

There's plenty reports of Tom Brady, Giselle Bündchen, Shaq, Stephen Curry being included in the lawsuit against celebs that promoted FTX exchange in their massive advertising campaign at the beginning of this year. It could be argued that they were unaware participants simply reciting a script provided by advertising companies as they regularly do with plenty of companies promoting services like insurance, food products, apparel or even medical products.

The one commercial that stands out to me is the Larry David 2 minute Superbowl commercial. In a hilarious commercial that paints Larry as a skeptical moron he is suggested to use FTX and his response is "Naah I don't think so, and I'm never wrong about this stuff, never"

https://youtu.be/BH5-rSxilxo

His statement is followed by a text saying "Don't be like Larry; Don't miss out". When compared with all the other promotions his was the only one that was adamantly against the idea of investing with FTX then was followed by text contradicting his (comical) message.

In my opinion Larry David is innocent. He was the only celebrity actually giving good financial advice without ever suggesting financial investments at all. A rare win for the Larry David we know from Curb Your Enthusiasm.