American billionaire Mark Cuban will testify in a lawsuit filed by bankrupt crypto lender Voyager for allegedly misrepresenting its products.
In yesterday’s court order, 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 Cuban has 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.
A lawsuit filed in a US District Court in South Florida in August describes Voyager as a major 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 touts itself as a “fully compliant and licensed crypto broker” even though Voyager is not registered with the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) or the necessary Federal or state regulators that oversee the sale of securities. allegedly did.