A Commodity Futures Trading Commission (CFTC) commissioner has slammed Voyager Digital, calling the company no better than a house of cards.
Commissioner Kristen Johnson stated that Voyager Digital made mistakes that led to the loss of billions of dollars in customer funds.
A House Of Cards
Commissioner Kristen Johnson, in his statement regarding the Commodity Futures and Trading Commission’s charges against Voyager Digital, said the company was no better than a house of cards, thanks to its monumental failures. These failures, Commissioner Johnson noted, led to the loss of billions in customer funds. The statement also accused Voyager of indulging in misleading practices, ignoring warnings, and conducting bare-bones due diligence.
“Contrary to that marketed image, Voyager and Ehrlich are alleged to have approved loans valued at hundreds of millions of dollars worth of customer assets to numerous third parties that, for example, made prominent disclaimers that investing with th
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