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Step 4
Follow Case Progress
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VGX-USD.CC
id: 453, Created by Stan Vick Chase, Scout
Voyager Token
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
Since mid-2021, Voyager has been funding its operations through the sale of unregistered securities in the form of Tokens Voyager (VGX).
Voyager has offered and sold Voyager Earn Accounts to retail investors, through which those investors lent crypto assets to Voyager in exchange for Voyager’s promise to provide a variable monthly interest payment. As of March 1, 2022, Voyager had approximately 1,530,000 Voyager Earn Accounts, holding approximately $5 billion in investor assets.
- On March 29, 2022, the New Jersey Bureau of Securities issued a cease-and-desist order, finding that the Voyager Earn Accounts were securities and that Voyager offered and sold these unregistered securities in violation of New Jersey law.
- Despite being on clear notice that their Voyager Earn Accounts constituted unregistered securities, Voyager continued to offer these unregistered securities to retail investors across the United States.
- In mid-2022, the price of cryptocurrency assets declined across the board as did demand for new cryptocurrency investments. This broader market downturn exposed the fragility of Voyager’s investment products and revealed that Voyager did not have enough assets on hand to meet its withdrawal obligations.
- On July 1, 2022, Voyager suspended withdrawals from its platform
- On July 6, 2022, Voyager filed for Chapter 11 bankruptcy.
Despite the SEC has made it clear that digital tokens, such as VGX, often constitute “securities and may not be lawfully sold without registration with the SEC or pursuant to an exemption from registration, Voyager by its actions grossly violated regulations, breaching investors rights.
Alleged Offence
Mismanagement,
Misleading Statements,
Financial Misrepresentation,
Fraud,
Failure to Disclose,
Price manipulation,
Insider Trading,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Influencer,
Service Provider,
Hedge Fund
Security Type
Crypto Asset
Trade Direction
Long
Shock Event Date
13 November 2022