The U.S. CFTC accuses former Voyager Digital CEO of fraud in operations

2023-10-13 08:13:31

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ChainCatcher News, the U.S. Commodity Futures Trading Commission (CFTC) has charged the now-bankrupt former CEO of Voyager Digital, Stephen Ehrlich, with fraud and making false statements regarding the operation of the Voyager digital asset platform and the unregistered commodity pool of Voyager. The charges allege that Ehrlich touted the Voyager platform as a "safe haven" to earn high returns and induced customers to buy and store digital asset commodities. The complaint accuses Ehrlich of failing to register.

The CFTC stated that it will hold Stephen Ehrlich accountable for his fraudulent operations on the digital asset platform and is seeking restitution, forfeiture of illegal gains, civil monetary penalties, a permanent trading and registration ban, as well as a permanent injunction against further violations of the Commodity Exchange Act (CEA) and CFTC regulations.

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