- Mark Cuban is hit by a lawsuit for misrepresenting crypto offerings and services by Voyager.
- The billionaire entrepreneur has been quite active as a Dogecoin proponent and a promoter of Voyager.
- Analysts evaluated the Dogecoin price trend and predicted a rally in the meme coin.
American billionaire entrepreneur Mark Cuban was slammed with a lawsuit for leveraging his years of experience to lure customers into investing their savings in Voyager’s services. Cuban is accused of promoting the bankrupt crypto brokerage firm Voyager Digital.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
Also read: Dogecoin bulls push DOGE higher as on-chain activity explodes
Dogecoin proponent Mark Cuban faces legal trouble
Mark Cuban is popular as a crypto proponent, Dogecoin supporter and billionaire entrepreneur. Cuban is facing a class action lawsuit for promoting crypto product offerings of the bankrupt firm Voyager. The lawsuit alleges that Cuban leveraged his experience to motivate inexperienced customers to invest in Voyager’s crypto products.
The Moskowitz Law Firm filed a civil lawsuit against Cuban in the United States District Court in Southern Florida. The lawsuit alleges that Cuban misrepresented the firm on numerous counts, offering commission-free trading services. Alongside Stephen Ehrlich, CEO of Voyager Digital, Cuban’s comments motivated investors to pour capital into the Ponzi scheme.
The lawsuit reads:
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.
Cuban’s support for Voyager products resulted in multiple purchases by retail investors as Cuban referred to the platform as close to risk-free as you’re gonna get in crypto.
Post its bankruptcy filing, Voyager made progress and is now prepared to pay back…
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
