CryptoU.S. CFTC files suit against Voyager Digital for operation of large-scale commodity...

U.S. CFTC files suit against Voyager Digital for operation of large-scale commodity pool fraud scheme

The U.S. Commodity Futures Trading Commission (CFTC) announced a lawsuit in the U.S. District Court for the Southern District of New York against Tennessee resident Stephen Ehrlich, co-founder and former CEO of now-bankrupt entity Voyager Digital. The complaint alleges Ehrlich committed fraud and failed registration in connection with the operation of the Voyager digital asset platform and the Voyager unregistered commodity pool. Ehrlich and Voyager falsely touted the Voyager platform as a “safe haven” to earn high-yielding returns to induce customers to purchase and store digital asset commodities.

In its lawsuit against Ehrlich, the CFTC seeks damages, disgorgement of disgorgement, civil penalties, permanent trading and registration bans, and a permanent injunction against further violations of the Commodity Exchange Act and CFTC regulations.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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