Cuban was deposed as part of a class-action lawsuit accusing him of promoting a “Ponzi scheme” in Voyager Digital.
DALLAS — Dallas Mavericks owner Mark Cuban will face questioning next month as part of depositions for a class-action lawsuit against the now-bankrupt cryptocurrency lender Voyager Digital, alleging the company was “an unregulated and unsustainable fraud.”
The complaint filed alleges that Cuban and Voyager CEO and Co-Founder Stephen Ehrlich personally reached out to investors, both individually and through the Mavericks, to induce them to invest into the company.
“Cuban and Ehrlich, as will be explained, went to great lengths to use their experience as investors to dupe millions of Americans into investing—in many cases, their life savings—into the Deceptive Voyager Platform and purchasing Voyager Earn Program Accounts (“EPAs”), which are unregistered securities,” the complaint reads.
The suit alleges more than 3.5 million people have lost more than $5 billion in cryptocurrency assets as a result of the platform, with the suit intending to hold Ehrlich, Cuban and the Dallas Mavericks responsible for reimbursing them.
Voyager was a multi-billion-dollar mobile application that placed cryptocurrency trade orders. The suit states it would…
