CFTC and FTC Cost Former Voyager CEO Stephen Ehrlich
The Commodities and Futures Buying and selling Fee (CFTC) has sued Stephen Ehrlich, the previous CEO of the bankrupt crypto lender Voyager Digital.
CFTC And FTC Have Filed Fees Towards Former Voyager CEO Stephen Ehrlich
Ehrlich is accused by the CFTC of deceiving shoppers in regards to the security of their funds and working an unauthorized commodity pool. Ehrlich and Voyager, in response to the CFTC, falsely promoted the platform as a “secure haven” for high-yield returns. Ehrlich faces everlasting registration and buying and selling restrictions, in addition to restitution, disgorgement, and civil financial penalties, in response to the company.
Along with the CFTC case, the FTC has charged Stephen Ehrlich with making comparable misrepresentations and falsely stating that buyer accounts have been FDIC insured.
Tell us what you really liked about this text, what could possibly be improved, or share every other suggestions by filling out this quick type.
This text accommodates hyperlinks to third-party web sites or different content material for data functions solely (“Third-Get together Websites”). The Third-Get together Websites usually are not beneath the management of CoinMarketCap, and CoinMarketCap shouldn’t be answerable for the content material of any Third-Get together Website, together with with out limitation any hyperlink contained in a Third-Get together Website, or any adjustments or updates to a Third-Get together Website. CoinMarketCap is offering these hyperlinks to you solely as a comfort, and the inclusion of any hyperlink doesn’t indicate endorsement, approval or suggestion by CoinMarketCap of the positioning or any affiliation with its operators.
This text is meant for use and should be used for informational functions solely. You will need to do your individual analysis and evaluation earlier than making any materials choices associated to any of the services or products described. This text shouldn’t be supposed as, and shall not be construed as, monetary recommendation.
The views and opinions expressed on this article are the creator’s [company’s] personal and don’t essentially replicate these of CoinMarketCap.
