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U.S. CFTC sues former Voyager Digital CEO for large-scale commodity pool fraud scheme

The U.S. Commodity Futures Trading Commission announced that it has filed a lawsuit against Tennessee resident Stephen Ehrlich, the former CEO of now-bankrupt entity Voyager Digital, in the U.S. Southern District Court of New York. The complaint alleges that Ehrlich engaged in fraud and registration failures in the operation of the Voyager digital asset platform and Voyager's unregistered commodity pool. Ehrlich and Voyager falsely touted the Voyager platform as a "safe haven" to earn high returns and induce customers to buy and store digital asset commodities. In its ongoing litigation against Ehrlich, the CFTC seeks restitution, disgorgement of ill-gotten gains, civil monetary penalties, permanent trading and registration bans, as well as permanent injunctions against further violations of the Commodity Exchange Act (CEA) and CFTC regulations.

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