The Commodities and Futures Trading Commission (CFTC) has sued Stephen Ehrlich, the former CEO of the bankrupt crypto lender Voyager Digital.
CFTC And FTC Have Filed Charges Against Former Voyager CEO Stephen Ehrlich
The Commodities and Futures Trading Commission (CFTC) has sued Stephen Ehrlich, the former CEO of the bankrupt crypto lender Voyager Digital.
Ehrlich is accused by the CFTC of deceiving consumers about the safety of their funds and running an unauthorized commodity pool. Ehrlich and Voyager, according to the CFTC, falsely promoted the platform as a "safe haven" for high-yield returns. Ehrlich faces permanent registration and trading restrictions, as well as restitution, disgorgement, and civil monetary penalties, according to the agency.
In addition to the CFTC case, the FTC has charged Stephen Ehrlich with making similar misrepresentations and falsely stating that customer accounts were FDIC insured.
Voyager declared bankruptcy in July last year after Three Arrows Capital defaulted on its $650 million loan, owing more than $1.7 billion to customers and creditors in the United States.
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