{"id":65673,"date":"2022-08-11T16:12:41","date_gmt":"2022-08-11T13:12:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65673"},"modified":"2025-09-06T21:16:26","modified_gmt":"2025-09-06T18:16:26","slug":"mark-cuban-accused-of-promoting-voyager-linked-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mark-cuban-accused-of-promoting-voyager-linked-ponzi-scheme\/","title":{"rendered":"Mark Cuban accused of promoting Voyager-linked Ponzi scheme"},"content":{"rendered":"<p>The Moskowitz law firm has filed a civil lawsuit in the U.S. District Court for the Southern District of Florida against Mark Cuban for promoting Voyager\u2019s unregulated crypto products and participating in a Ponzi scheme with its CEO Steven Ehrlich.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Prominent investor Mark Cuban has been sued for promoting Voyager\u2019s unregulated crypto products. Voyager currently has more than 3.5 million users unable to retrieve nearly $5 billion in crypto assets on the platform. <a href=\"https:\/\/t.co\/GWozdJLvT1\">https:\/\/t.co\/GWozdJLvT1<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1557666350318833664?ref_src=twsrc%5Etfw\">August 11, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The plaintiff has requested a jury trial.<\/p>\n<p>The suit states that the crypto broker did not return about $5 billion to around 3.5 million clients. Cuban repeatedly distorted information about the firm, making dubious claims that it trades cheaper than rivals and offers trading services with no commissions. <\/p>\n<p>The billionaire described the platform as \u201cas close to risk-free as possible in crypto.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cCuban and Ehrlich [\u2026] offered to invest in the fraudulent Voyager platform and open Voyager Earn Program accounts, which are unregistered securities. [\u2026] It relied on the support of the owner of the Dallas Mavericks,\u201d<\/em> \u2014 according to the complaint.<\/p>\n<\/blockquote>\n<p>As previously reported, the crypto broker <a href=\"https:\/\/forklog.news\/voyager-digital-podal-zayavlenie-o-bankrotstve\/\">filed for bankruptcy<\/a> in a New York court on July 5, 2022.<\/p>\n<p>A month later, the court <a href=\"https:\/\/forklog.news\/sud-razreshil-voyager-digital-vernut-klientam-270-mln\/\">approved<\/a> Voyager Digital\u2019s proposal to unfreeze the crypto broker\u2019s deposit at Metropolitan Commercial Bank to return $270 million to clients.<\/p>\n<p>The company\u2019s management expects to complete the restructuring in the first quarter of 2023.<\/p>\n<p>In October 2021, Voyager <a href=\"https:\/\/forklog.news\/kriptobroker-voyager-privlek-75-mln-ot-alameda-research-sema-benkmana-frida\/\">announced<\/a> a five-year partnership agreement with the Dallas Mavericks.<\/p>\n<p>Earlier, Cuban<a href=\"https:\/\/forklog.news\/mark-kyuban-predskazal-ischeznovenie-kriptoproektov-bez-realnyh-perspektiv\/\">predicted<\/a> the disappearance of crypto projects without \u201creal prospects.\u201d<\/p>\n<p>Read ForkLog\u2019s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 crypto news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Moskowitz law firm has filed a civil suit in the U.S. District Court for the Southern District of Florida against Mark Cuban for promoting Voyager\u2019s unregulated crypto products and involvement in a Ponzi scheme with its CEO Steven Ehrlich.<\/p>\n","protected":false},"author":1,"featured_media":65674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,1551,1546],"class_list":["post-65673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-mark-cuban","tag-voyager"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=65673"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65673\/revisions"}],"predecessor-version":[{"id":65675,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65673\/revisions\/65675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/65674"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=65673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=65673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=65673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}