Billionaire Mark Cuban sued over Voyager Digital promotion

After me the deluge – This is what users of the Voyager Digital platform, and in particular fans of the Dallas Mavericks, feel. The link between a bankrupt crypto lending platform and an NBA franchise? Mark Cuban. The billionaire basketball club owner has been promoting Voyager in recent months. Some fans who followed Mark Cuban feel aggrieved by this promotion, which is now worth a trial. Clearly, the investor is not always on the right track…

Traveling, terminus everyone gets off

Mark Cuban is used to sporting rivalries with other clubs, but perhaps less when the opposition comes “from within”. Several Mavericks fans have sued to have Cuban’s promotion of Voyager recognized. We find on the dock the boss of the franchise, the franchise itself as well as the CEO of Voyager Digital, Steve Ehrlich.

The purpose is to demonstrate that the defendants Cuban and Ehrlich “played a key role and directly solicited investors, individually and through the Dallas Mavericks, to encourage them to invest in Voyager”. The complainants want the courts to find them guilty in order to be reimbursed.

The complaint filed by the investors states that “Voyager Digital LLC was an unregulated and unsustainable scam, similar to other ponzi schemes. »

The US Federal Reserve is closely monitoring the bankruptcy of the crypto platform, which is increasing the pressure. For its part, Voyager Digital refused a debt buyback offer made by the FTX exchange.

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