Mark Cuban and Voyager chief ran crypto ‘Ponzi scheme,’ lawsuit claims
Billionaire Mark Cuban has been sued for allegedly misleading investors through shilling Voyager’s unregistered securities.
Billionaire Mark Cuban has been sued for allegedly misleading investors through shilling Voyager’s unregistered securities.
Court documents suggest Alameda Research initially took out a $1.6 billion loan with Voyager Digital before it filed for bankruptcy.
The offer from FTX in July was branded “a low ball bid” that could “create chaos” in the firm’s ongoing bankruptcy proceedings.
Voyager’s legal team argued that it would be difficult to find a new credit provider due to the uncertainty surrounding the company’s future.
Customers are considering filing fraud claims with their bank over Voyager and its chief Stephen Ehrlich’s false insurance advertising.