The billionaire Dallas Mavericks owner will answer questions under oath Feb. 2.
Mark Cuban announced the Dallas Mavericks’ five-year partnership with Voyager Digital alongside CEO Stephen Ehrlich during a news conference in Ocotber 2021.Billionaire Mark Cuban will be questioned under oath in February about promoting the now-bankrupt crypto platform Voyager Digital.Disgruntled customers have, saying their trust in his advice is what convinced them to use the defunct platform, which conned them out of billions.
His deposition is scheduled for Feb. 2 in Dallas, according to a Jan. 9 court filing in U.S. District Court of the Southern District of Florida. U.S. Magistrate Judge Lisette M. Reid denied Cuban’s request to split the deposition into two hearings.Two Dallas Mavericks employees will also be deposed prior to Feb. 23. Sworn statements will be taken from three people who are suing later this month.
The class-action suit was filed in August in federal court in southern Florida on behalf of millions of investors. It alleges that 3.5 million Americans lost over $5 billion in cryptocurrency assets after Voyager filed for bankruptcy in New York on July 5.announced a five-year partnership with Voyager
in 2021. Fans were given a limited deal where they could deposit $100 and trade at least $10 by the end of the month to get a $100 reward. The influx of new users was so great that Voyager added a waitlist. The suit said Cuban and Ehrlich “personally reached out to investors, individually and through the Dallas Mavericks, to induce them to invest in the deceptive Voyager platform.”The partnership came at a bad time in the crypto world. The global market cap of cryptocurrenciesNatalie Walters. Natalie is an award-winning reporter who covers banks, crypto, fraud, deals and other money topics for The Dallas Morning News.
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