Law firm Moskowitz has filed a civil suit against Mark Cuban in the US District Court of South Florida for promoting unregulated Voyager crypto products and participating in a Ponzi scheme with CEO Stephen Ehrlich.

Prominent investor Mark Cuban has been sued for promoting Voyager’s unregulated crypto products. Voyager currently has more than 3.5 million users on the platform who are unable to purchase around $5 billion in crypto assets. https://t.co/GWozdJLvT1

— Wu Blockchain (@WuBlockchain) 11 August 2022

Plaintiff requested that the case be heard by a jury.

Cuban has repeatedly misrepresented the firm, making dubious claims that it trades cheaper than its competitors and offers commission-free trading services.

The billionaire described the platform as “as risk-free as crypto can be.”

Cuba and Erlich […] offered to invest in the fake Voyager platform and open Voyager Earning Program accounts with unregistered securities. […] He counted on the support of the owner of the Dallas Maverick until it collapsed.” – asserted in the case.

Recall that the crypto broker filed for bankruptcy in a New York court on July 5, 2022.

A month later, the court approved Voyager Digital’s offer to freeze the crypto broker’s deposits at Metropolitan Commercial Bank to return $270 million to customers.

Company management hopes to complete the restructuring process in the first quarter of 2023.

In October 2021, Voyager announced the signing of a five-year partnership with the Dallas Mavericks.

Previously, Cuban predicted that crypto projects would disappear without “real expectations.”

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