Famous Billionaire to Testify in Ponzi Trial

American billionaire Mark Cuban will testify in a lawsuit filed by bankrupt crypto lender Voyager for allegedly misrepresenting its products.

american billionaire Mark Cubanwill testify in a lawsuit filed alleging that bankrupt crypto lender Voyager misrepresented its products.

In yesterday’s court decision, the US Magistrate Lisette M. Reid denied Cuban’s request to split his testimony into two hearings. Instead, Cuban’s full testimony will be taken in a single session on February 2 this year.

Famous Billionaire Mark Cuban to Testify in Trial

american billionaire Mark Cubanhas been ordered to testify in court next month as part of an ongoing lawsuit against him by disgruntled clients of bankrupt crypto lender Voyager, who allege Cuban misrepresented the firm in promotional materials.

The lawsuit, filed in a U.S. District Court in South Florida in August, Voyager He defines it as a great pyramid scheme. It also highlights Cuban’s aggressive promotion among crypto novices and inexperienced retail investors, which Voyager and its supporters are allegedly targeted.

The lawsuit also claims that Voyager’s U.S. Securities and Exchange Commission ( SEC), Commodity Futures Trading Commission ( CFTC) or touting itself as a “fully compliant and licensed crypto broker” despite not being registered with the necessary Federal or state regulators that oversee the sale of securities.