A Florida federal judge has ordered Mark Cuban, the billionaire star of “Shark Tank” and owner of the Dallas Mavericks, to be deposed in a proposed class action. The proposed lawsuit accuses Cuban of promoting an alleged Ponzi scheme by Voyager Digital Holdings, a cryptocurrency brokerage. Investors say the company conned them out of billions.
I predict that the recent crash of the cyber currency market will lead to lawsuits against many wealthy individuals and movie stars who promoted cryptocurrency investments over the past several years.