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Udonis Haslem reveals FTX ‘gypped’ him out of $15M



Udonis Haslem reveals FTX ‘gypped’ him out of $15M

by rapelbaum

4 Comments

  1. Dryandhigh1

    “He did what he did and he got to pay the price,” Haslem said of Bankman-Fried. “He made decisions that affected a lot of people. I got a chance to meet a lot of those young kids that had relocated and packed their stuff up and came from wherever they were to move to Miami and put their hopes and dreams behind what FTX offered. Now these kids are in Miami starting all over again.

    “Those are the people I feel sorry for.”

    Bankman-Fried’s arrest came in the Bahamas, where he had set up shop. That, too, resonated with Haslem, with the Heat having held their preseason training camp in Nassau.

    “I have a very large amount of contacts in the Bahamas, family members, just people that I’m close to,” Haslem said. “What they were doing for those islands and the people that were benefiting, those were the people that I was excited about and those are the things that I’m heartbroken about, because those people don’t have those opportunities anymore.”

    Unlike athletes who invested with FTX, Haslem’s involvement was promotional.

    “I got gypped out of $15 million,” he said. “That’s what my equity had grown to. He didn’t dupe me. I signed a contract with a company and that’s part of it.

    “A lot of people got hurt, and that’s where I feel sad.”

    Haslem said he was aware of the risk/reward element.

    “I didn’t put no money in; I took it in equity,” he said. “I feel bad for the people that were hurt and lost money and really got caught up in that foolishness. But at the end of the day, I came in pure.

    “I did a lot for the city. I was able to give small-business loans, I was able to do a lot for my charities.”

    For the Heat, for Miami-Dade, for Haslem, is an unfortunate chapter not of their own making, but of a web of deceit with tentacles far beyond South Florida and the NBA.

    “The good name of Udonis Haslem is not tarnished,” Haslem said “it was just linked.

    “I was someone who got hired, with the best of intentions.”

  2. LordOfTheShitposts

    Who is lbaum and why do you want them to be raped

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