FTX Advisors is conducting an investigation into potential recoveries of pre-collapse payments to basketball stars Shaquille O’Neal and Naomi Osaka, as well as other professional athletes and entertainment stars. These recoveries are related to a number of different financial collapses that have occurred in recent years, including the collapse of MF Global and the bankruptcy of the former sports and entertainment giant, BDC.
These recoveries could provide an opportunity for members of the public to recover at least some of the monies lost due to the collapses. FTX Advisors is focusing especially on the larger sums of money being held in escrow accounts or accounts that have not been accessed since the date of the collapse.
FTX Advisors is using their expertise in financial analysis and their experience in business recovery to identify potential recovery opportunities and determine the likelihood of recovering the funds. They will also work to identify any liability or contractual obligations, which may need to be filled before any funds can be recovered.
It is important to note that the recoveries may involve more than one party and may be complex in nature, depending upon the specific situation. FTX Advisors will provide its clients with a comprehensive assessment of the potential recovery opportunities and the likelihood of recovering the funds. The results of the investigation will be shared with the clients and used to advise them on the best course of action.