The United States Commodity Futures Trading Commission (CFTC) has taken legal action against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital. The CFTC has filed a complaint in the U.S. District Court for the Southern District of New York, accusing Ehrlich and Voyager of fraud and “registration failures” related to the platform and its unregistered commodity pool. The commission intends to seek restitution, disgorgement, civil monetary penalties, and permanent trading and registration bans. According to the CFTC, Ehrlich and Voyager falsely promoted the Voyager platform as a safe haven for earning high-yield returns in order to entice customers to purchase and store digital asset commodities. This is an ongoing story, and more details will be provided as they become available.
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North America |
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negative |
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Stephen Ehrlich |
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Voyager Digital, United States Commodity Futures Trading Commission (CFTC) |
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