Former CEO of Voyager Digital Agrees to Ban and $2.8 Million Payment to Resolve FTC Charges.
FTC alleges Voyager Digital’s former CEO claimed consumers’ deposits were FDIC-insured, but consumers lost more than $1 billion in cryptocurrency when the firm failed. No Jail time & only a $2.8 million fine, although Steve publicly sold over $38 million of Voyager stock! And he sold tens of millions of VGX. What a disgrace this is. https://t.co/hK8FgVEVSF #Voyager #FTC #VGX #Crypto
🚨 FTC Hits Voyager Digital CEO with $570M Judgment 🚨
💰 $570 Million Judgment against CEO Stephen Ehrlich
💵 $2.8 Million Judgment against his wife Francine Ehrlich
🔒 Ehrlich permanently banned from promoting or selling crypto products
⚖️ FTC accuses them of deceptive crypto marketing & illegally accessing customer financial data
💼 $570 Million Judgement suspended, provided Ehrlich pays $2.8 million and fully complies with financial disclosure requirements
⛓️ Unfortunately No Jail Time For Steve @Ehrls15
Note: Settlement terms agreed, pending court approval.
#Voyager #FTC #VGX #Crypto
@theunipcs@aUselessCoin First #Simplecoin to bond - has the most volume - DEX was just paid - only $10k mcap so huge potential for reversal. 8bBnD8mK3qzY74ttKSSm81mxgtTDqTc4NTvj53aCbonk
@0xieacc@stophostaging@nikitabier@launchcoin You can check the coin metadata on solscan and also use this link https://t.co/uAIN8HsIVp AJwnwxyrfG9UB6h2DbXLPT6RzWb8jgPgrjd9C8DgtosH
Huge narrative here. I just checked the meta data on the token and it matches Nikita's X ID. This is massive! AJwnwxyrfG9UB6h2DbXLPT6RzWb8jgPgrjd9C8DgtosH