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JUST ANOTHER DIRT BAG #CROOK! Snake oil salesmen running Rampant on SHARK TANK!??
#Mark_Cuban lawsuit alleges #Shark_Tank #personality_lured consumers into Voyager Digital #Ponzi_scheme
Mark Cuban Voyager Digital class action lawsuit overview:
#Who: A group of Voyager Digital investors have filed a class action lawsuit against Mark Cuban, the Dallas Mavericks and Voyager CEO Stephen Ehrlich.
#Why: Investors claim Cuban, the Mavericks and Ehrlich misled them into investing in the Voyager platform, which they argue was a Ponzi scheme that cost 3.5 million Americans more than $5 billion.
#Where: The class action lawsuit was filed in Florida federal court.
Dallas Mavericks owner and “Shark Tank” entrepreneur Mark Cuban and Voyager Digital CEO Stephen Ehrlich “duped” millions of Americans into investing into the “deceptive” Voyager platform, a new class action lawsuit alleges.
A group of Voyager investors argue the platform was a Ponzi scheme and an “unregulated and unsustainable fraud” which cost more than 3.5 million Americans investors more than $5 billion in losses.
“The Deceptive Voyager Platform is based upon false pretenses, false representations, and is specifically designed to take advantage of investors that utilize mobile apps to make their investments, in an unfair, unsavory, and deceptive manner,” the Mark Cuban lawsuit states.
Cuban and Ehrlich, investors claim, “personally reached out” to them — including through the Dallas Mavericks NBA franchise — to “induce them to invest” in Voyager’s alleged unregistered securities.
Investors argue Cuban, Ehrlich and the Dallas Mavericks are ultimately responsible for their financial losses and are “responsible for paying them back.”
Investors want to represent a nationwide class and multistate subclass of investors who purchased Voyager securities or enrolled in its Voyager Earn Program Accounts.
Voyager filed for #Chapter 11 #protection amidst #millions in #losses
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