By Lauren Berg (August 10, 2022, 11:00 PM EDT) — “Shark Tank” personality and entrepreneur Mark Cuban was a key player in luring people into bankrupt cryptocurrency brokerage Voyager Digital’s “unregulated and unsustainable fraud” that played out like a Ponzi scheme and cost consumers billions, according to a proposed securities class action filed Wednesday in Florida federal court.
Cuban, along with Voyager CEO Stephen Ehrlich, personally reached out to investors to trick them into buying the company’s unregistered securities and furthered the company’s “false and misleading promises of reaping large profits in the cryptocurrency market,” according to the complaint that also targets Cuban’s Dallas Mavericks basketball team.
“Cuban and Ehrlich ……
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!
