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CFTC Secures $750,000 Disgorgement Order Against Former Voyager CEO in Crypto Fraud Case
The CFTC has obtained a court order requiring former Voyager CEO Stephen Ehrlich to pay $750,000 in disgorgement to defrauded customers alongside trading and registration bans.
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The U.S. Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the Southern District of New York has entered a consent order against Stephen Ehrlich, the former CEO of the bankrupt crypto platform Voyager Digital. The order concludes enforcement action regarding fraud violations involving Voyager Digital Ltd., Voyager Digital Holdings Inc., and Voyager Digital LLC.
Under the terms of the consent order, Ehrlich is required to pay $750,000 in disgorgement. These funds are designated to be returned to Voyager customers through the platform's bankruptcy liquidation framework.
In addition to the financial disgorgement, the court imposed a three-year registration ban against Ehrlich, prohibiting him from managing or advising on trading for or on behalf of third parties. The consent order also permanently enjoins him from future violations of the anti-fraud provisions of the Commodity Exchange Act and CFTC regulations.
The enforcement action stems from a CFTC fraud complaint filed against Ehrlich in October 2023, conducted with assistance from the Federal Trade Commission. Regulators emphasized that compensating victims and restricting individuals from committing future misconduct remain key enforcement priorities in the digital asset sector.