
CATrends: Celebrities Deceptively Promoting Cryptoassets
A-listers face lawsuits over promotions of risky and unregulated investments.
Gordon et al. v. Block, Inc. and Cash App Investing, LLC
22-cv-6787, N.D. Cal.
(Nov. 2022)
Cash App
(a finance app that allows users to transfer money and purchase stocks and Bitcoin)
Misrepresenting that it protects and safeguards consumers’ personal information when such claims are not true and there was a data breach
Pending
A-listers face lawsuits over promotions of risky and unregulated investments.
Complaints against additional distributors who hosted COVID webinars may be forthcoming.
TINA.org files comment in support of applying rule to direct selling industry.
Even celebs have FOMO
Don’t Be Like Mike and get an FDA/FTC warning letter regarding COVID claims.