Crypto billionaire, Mark Cuban has been ordered to testify in court on February 2nd in Texas regarding his involvement in the now-insolvent crypto lending firm Voyager.
He was found guilty of participating in the promotion of the bankrupt Voyager unregistered securities.
Court Testimonies Taking Place From January To February
This lawsuit accuses Cuban of misrepresenting the Voyager company and treating it like a ponzi scheme. He enticed investors by promising them large profits if they invested in the company.
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According to these investors, Cuban operated the Voyager company like a Ponzi scheme and deceived investors with false promises.
Voyager is currently owing over $4 billion to more than 2 million investors.
Mark Cuban and the Dallas Mavericks’ workers are the targets of a lawsuit brought by Voyager investors, and the court has ordered them to appear in court in February to testify.
Mark Cuban appealed to the court to divide his testimony in the Voyager lawsuit case into two segments on January 6th, but the court rejected his request.
Cuban’s testimony won’t be limited to just jurisdictional issues, by an order from Judge Reid, the judge overseeing this case.
Dallas Maverick players will be permitted to testify in this Voyager lawsuit case regarding the defendants on February 23, per the court’s order.
Other plaintiffs like Pierce Robertson will testify this week, and Rachel Gold will testify on January 23rd, by the court’s order.
In addition, the court ordered Eric Rares, who is unrelated to this case, to testify on the 23rd of this month.
The court also ordered all plaintiffs to release and submit all documents related to the Voyager case by January 13th.
Plaintiff’s Anticipate The Truth
The plaintiff’s counsel was overjoyed with the court’s rejection of Cuban’s attempt to delay the court’s proceedings and testimony.
The counsel on behalf of the investors stated that they have been looking forward to this day for years in order to finally learn what happened to the Voyager firm. And also identify to what extent the accused were involved in the promotion and distribution of unregistered securities for their own gain.
Cuban’s attorney, on the other hand, spoke about the accusations and claims, stating that the plaintiffs’ testimonies will include accusations directed at his client.