Tuesday, June 25

Previous NFL Star Rob Gronkowski to Pay $1.9 M to Settle Crypto Investor Suit

Previous New England Patriots and Tampa Bay Buccaneers tight end Rob Gronkowski will pay $1.9 million to settle claims brought versus him by previous consumers of Voyager Digital, a cryptocurrency loan provider.

The settlement, which is still based on approval by the court managing the civil claim, will see the National Football League star referred to as “Gronk” pay into a $2.4 million swimming pool together with National Basketball Association gamer Victor Oladipo and racecar chauffeur Landon Cassill, according to a court filing dated May 3.

Gronkowski ended up being a “brand name ambassador, Voyager investor” and holder of Voyager’s VGX token in September 2021, a business news release revealed at the time.

Voyager applied for personal bankruptcy in 2022.

A group of Voyager financiers took legal action against Dallas Mavericks owner Mark Cuban and other Voyager promoters that very same year, including Gronkowski and other promoters in 2015. The financiers revealed they had actually reached a handle Gronkowski in February. Recently’s filing saw the Voyager financiers reveal that they were all set to continue with “the very first hypnotic trance of proposed Class Settlements,” which were made with Gronkowski, Oladipo and Cassill.

“Plaintiffs have actually now settled with Voyager promoters Cassill, Gronkowski, and Oladipo for countless dollars in relief to the class leaving Co-Defendants Mark Cuban and the Dallas Mavericks as the staying Defendants for trial in November 2024,” the filing stated.

According to an accompanying exhibition, Gronkowski will pay $1.9 million, Oladipo will pay $500,000 and Cassill will pay $25,000 to settle the claims. If the court authorizes the settlement, the claims versus the 3 will be dismissed.

Coincidentally, the financiers submitted the proposed settlement with the court simply 2 days before previous NFL quarterback Tom Brady– Gronkowski’s previous colleague– took part in a comical roast, which saw a number of comics and other stars discuss Brady’s previous crypto recommendations, however without discussing FTX, Sam Bankman-Fried’s defunct exchange Brady promoted.

Comic Kevin Hart joked that the roast was occurring at the Kia Forum and not the Crypto.com Arena to prevent advising individuals Brady owed them cash, while fellow comic Nikki Glaser took a more pointed technique.

“Tom likewise lost $30 million in crypto. Tom, how did you succumb to that? I indicate, even Gronk resembled, ‘Me understand that not genuine cash,'” she stated.

Modified by Nick Baker.

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