The former CEO of Voyager, Stephen Ehrlich, is facing charges filed by the Federal Trade Commission (FTC) and Commodity Futures Trading Commission (CFTC). The FTC alleges that Ehrlich falsely claimed that Voyager accounts were insured by the Federal Deposit Insurance Corporation (FDIC) and that customer assets were safe, despite the company’s impending bankruptcy. The FTC also accuses Ehrlich of transferring millions of dollars to his wife, including funds linked to the alleged unlawful conduct. The CFTC is charging Ehrlich with fraud and registration failures, stating that he misrepresented the safety and financial health of Voyager and failed to register as an associated person of a commodity pool operator. Voyager collapsed in July of last year, leaving customers with losses exceeding $1.7 billion.

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Information	Details
Geography	North America
Countries
Sentiment	negative
Relevance Score	1
People	Francine Ehrlich, Stephen Ehrlich
Companies	Commodity Futures Trading Commission (CFTC), Federal Trade Commission (FTC), Gramm-Leach-Bliley Act, Voyager, Associated Person of a Commodity Pool Operator (CPO), Federal Deposit Insurance Corporation (FDIC)
Currencies	None
Securities	None