Billionaire Mark Cuban Faces Proposed Class Action Lawsuit Over Involvement With Collapsed Crypto Platform Voyager

Attention: All Crypto Investors Negatively Impacted By Voyager Digital

WARNING

YOU MAY GIVE UP VALUABLE RIGHTS, UNLESS YOU ARE CAREFUL!

My name is Adam Moskowitz, and we at The Moskowitz Law Firm have been battling Voyager, Mark Cuban, and the Dallas Mavericks in Federal Court in Miami for over a year, for hundreds of clients, and millions of Voyager customers, for peddling the Deceptive Voyager Platform. We allege Cuban and the Mavericks directly damaged consumers like yourself. Pierce Robertson et al. v. Mark Cuban et al., No. 1:22-cv-22538-RKA, S.D. Fla (2022).

You may have already received materials to vote on the proposed Voyager Bankruptcy Plan.

This package includes a “Ballot” that allows you to “accept” or “reject” the Voyager Bankruptcy Plan.

We advise our clients that regardless of whether you “accept” or “reject” the Plan:

While we are not your lawyers, we believe Voyager Customers that check these boxes are giving up potentially valuable rights for free. We spent hundreds of hours investigating these claims, and have a plan to move quickly, now that the Bankruptcy Court has allowed us to proceed in Miami!

You may contact us to discuss by emailing Joseph Kaye at joseph@moskowitz-law.com; rejane@moskowitz-law.com.

Sincerely yours,

Adam Moskowitz

Dear Voyager Digital Investors:

Adam M. Moskowitz, Joseph M. Kaye, and Barbara Lewis of The Moskowitz Law Firm PLLC filed a putative nationwide class action against Mark Cuban, the Dallas Mavericks, and Stephen Ehrlich, founder and CEO of Voyager Digital, seeking to recover damages on behalf of the more than 3.5 million Voyager customers who purchased Voyager’s Earn Program Accounts, which are unregistered securities.

See the Class Action Complaint and Demand For Jury Trial below.

Did You Lose Money Because of Voyager Digital? You Could Join the Class Action Lawsuit.

Take Action Now By Contacting Us To Verify If You Can Be A Class Member

Millions of Voyager Digital account holders and crypto investors are facing losses due to the misleading statements and deceptive practices of Voyager Digital and it’s partners. If you were a Voyager Digital customer and suffered due to the actions of the company and/or it’s partners, contact us now at 305-740-1423 or complete the form below for a FREE CASE REVIEW.

NOTE: The submission of information through this website to The Moskowitz Law Firm will not create or constitute an attorney-client relationship. We cannot assure you that your communications will be privileged or, unless agreed to in a specific case, that we will treat your website communications as such. Please do not send any confidential or sensitive information until you speak with one of our attorneys or legal professionals, obtain prior written authorization to send that information to us, and have entered into a formal written attorney-client relationship. Thank you.

Why Would We Sue Voyager Digital?

As revealed by the events surrounding the Chapter 11 bankruptcy filing of the Voyager Digital entities, the Deceptive Voyager Platform was nothing more than a crypto-based Ponzi scheme that took advantage of millions of U.S. consumers, many of whom lost their entire life savings after falling victim to the false promises of guaranteed, risk-free returns. Cuban and Ehrlich relentlessly promoted the Deceptive Voyager Platform through the use of various false misrepresentations and unfair and deceptive marketing tactics to keep customer money flowing continuously into the Deceptive Voyager Platform to keep the Ponzi scheme alive for their own personal gain. To date, Cuban has not disclosed how much he was paid as a result of his efforts.

Cuban not only promoted the Deceptive Voyager Platform through the Dallas Mavericks, the NBA team he owns, he also promoted it as a Voyager customer himself, in a ploy to dupe investors into believing that Voyager was a safe platform, stating that “I gotta add, I am a [Voyager] customer and I’ve been a customer for several months now. I like to use it, it’s easy, it’s cheap, it’s fast, and the pricing is actually really good, so we find it as a perfect fit for our Mavs fans and reaching Mavs fans of all ages.”

Cuban also shamelessly pushed investors to invest heavily into USDC and other assets on the Deceptive Voyager Platform, claiming that investing in the Deceptive Voyager Platform was “as close to risk free as you’re going to get in the crypto universe,” that it was good for small businesses, and even that it was “a lot easier” than opening a savings account at a bank for young children, concluding “[i]t’s also something you can do on your phone. You don’t have to have a bank account. So, people who are unbanked, trying to learn about financing, but have a smart phone and can download the app, you can start getting into this and saving your money and that’s just a unique opportunity.”

For his part, Ehrlich unequivocally stated (directly contrary to his current position) that customers “absolutely” own all of their crypto on the platform and can remove it at any time: 

Yes, they absolutely own it. They can take it off the platform any time they want and bring it into their own personal wallets. You know, a lot of customers want us to hold it for them and everyone who brings crypto into us has a specified wallet address for them. But if you want to take it out to your own personal wallet, say you have a Trezor or a Ledger or you were using some other wallet app – yes, you can take it any time you want. Now we have limits on withdrawals and that’s for customer safety and protection but you can take anything off whenever you want, you know, no questions asked.

He also stated that this ownership of the cryptocurrency assets is “a differentiator” from other wallet apps.

Ehrlich also went on to highlight the partnership with Mark Cuban as a means to further lend credibility to the Deceptive Voyager Platform and to keep the Ponzi scheme alive, informing investors through social media platform, Reddit, that “Mark is a tremendous advisor to me and we have a great relationship. He is a big believer in crypto. Sometimes the value someone brings is not what the public sees but where they give you guidance and help behind the scenes.”

Defendants have also misrepresented the reality behind Voyager’s Deceptive Platform and how it operates. Defendants’ representations regarding the “100% Commission-Free” Voyager Platform are false, deceptive, and are objectively very likely to deceive average consumers acting reasonably under the circumstances. Accordingly, Defendants’ conduct violates multiple consumer and securities statutes, including those in Florida, New Jersey, California, Pennsylvania, Oklahoma, Tennessee, Alabama, Virginia, or Louisiana. Plaintiffs thus seek damages and restitution on behalf of themselves and the Class members, which are estimated to exceed $3 billion dollars.

The Moskowitz Law Firm is investigating potential claims of fraud and securities law violations in connection with the investment offerings and business practices of Voyager. If you invested with Voyager Digital and were adversely affected, you might be eligible to join or file a class action claim.

Contact us today at 305-740-1423 for a FREE CASE REVIEW with one of our experienced attorneys.