The article discusses the recent lawsuit filed by FTX against Neil Patel and his company for $55 million. Allegations include charging excessive fees for subpar services and mismanaging funds during his tenure as Marketing Manager. FTX claims Patel's entities, including NP Digital, received substantial payments without delivering promised outcomes. Meanwhile, Patel is seemingly engaged in reputation management by flooding search results with past lawsuits to obscure information about his current legal troubles. The filing reflects deeper issues within FTX's dealings and Patel's professional conduct.
In October 2021, Bankman-Fried caused Blockfolio Inc. to hire Patel as Marketing Manager and agreed to compensate him $75,000 per month.
FTX Insiders caused the FTX Group to engage Defendants Big Deal and NP Digital-entities Patel owns or co-founded and has a substantial financial interest in-ultimately paying them at least $30.8 million.
Collection
[
|
...
]