GRYC Sues Crypto Broker Voyager, Alleging Hidden Fees and Misleading Marketing Practices

MiamiAnd January 4, 2022 /PRNewswire/- Grossman Ruth Yaffa Cohen He announced a class action lawsuit against cryptocurrency broker Voyager Digital, alleging hidden fees and false promises to users of the platform. partners Stewart Z. Grossman And Rachel Forrest, with Adam M Moskowitz, managing partner of Moskowitz Law Firm, filed the complaint on behalf of A Florida Client, Mark Cassidy, in a Miami Federal Court December 24, 2021.

According to the preliminary expert analyzes mentioned in the case text, litigation may result in overrun 1 billion dollars As compensation for Voyager users.

As Mr. Cassidy said, BloombergHe was one of several crypto investors who turned to Voyager after the US Securities and Exchange Commission (SEC) accused Robinhood of predatory trading practices. Voyager has attracted many users of the platform with its “100% commission-free” policy. Cassidy soon began to suspect that Voyager had its own shady practices when he noticed their wide spreads in supply and demand.

The price difference in a large order is defined as the difference between the highest bid that the buyer is willing to make and the lowest bid that the seller is willing to accept. Voyager’s wide spreads seemed a sure sign of hidden fees. Upon investigation, Mr. Cassidy decided that his suspicions had weight and reached out to her Grossman Ruth Yaffa Cohen For professional legal assistance.

“They’re ripping people off to bits at a time,” Cassidy told reporters at Bloomberg.

The class action alleges that Voyager is profiting from the “naivety of its customers”. In particular, it claims that the crypto broker targets “inexperienced investors with false and misleading promises to make big profits in the cryptocurrency market.”

“The investment world relies on crypto brokers to be as self-governing and self-governing as the best traditional investment brokers and their companies do,” says Grossman. “The advantage of investors trust and their money.”

for evidence, Grossman Ruth Yaffa Cohen Highlighted a press conference announcing a Five-year partnership Between the Dallas Mavericks and Voyager. Mark Cuban, the owner of the Mavericks, and Steve EhrlichVoyager’s president and chief executive spoke about how easy it is to make money by investing in cryptocurrencies. They have gone so far as to direct their messages to beginners with few resources.

Grossman Ruth Yaffa Cohen Proud to stand up to Voyager for its deceptive practices. Attorneys Grossman and Forrest have years of experience in class action lawsuits against large corporations and corporations. In fact, Lawyer Forrest also works as a liaison advisor at January 2021 short term trade litigation Against Robinhood, TD, Ameritrade and more than 30 other companies.

Founded in 1988, Grossman Ruth Yaffa Cohen She received millions in compensation for her clients in South Florida and beyond. Learn more through https://www.grossmanroth.com/.

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