Shark Tank star Mark Cuban, the Dallas Mavericks and Voyager Digital CEO Stephen Ehrlich are being sued for allegedly promoting Voyager Digital’s crypto products, which the plaintiffs claim was “a massive Ponzi scheme” into which Cuban and Ehrlich duped “millions of Americans into investing.”
The class action lawsuit, filed in the U.S. district court of the southern district of Florida, claims that Cuban and Ehrlich “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.
“As a result,” the lawsuit maintains, “over 3.5 million Americans have now all but lost over $5 billion in cryptocurrency assets. This action seeks to hold Ehrlich, Cuban and his Dallas Mavericks responsible for paying them back.”
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