- Gronkowski, Oladipo and Cassill will pay $2.4 million in the Voyager lawsuit.
- The deal highlights regulatory challenges and investor protection concerns.
In a surprising crossover of sports and finance, Rob Gronkowski, a retired football star, Victor Oladipo, an NBA player, and Landon Cassill, a NASCAR driver, find themselves at the center of a legal settlement.
The case involves allegations related to the promotion of the failed cryptocurrency exchange. Viajero Digital Holdings Inc.
Who is to blame?
According to a court document, the trio collectively agreed to pay $2.4 million to resolve the claims, with Gronkowski pocketing the lion’s share of $1.9 million. The statement added,
“All defendants who settle are required to collectively provide $2,425,000 in monetary compensation.”
The agreement, reached without admitting or denying the accusations, has sparked discussions in both the sports and cryptocurrency communities.
Covers US individuals who joined Voyager Earn or purchased VGX tokens on or after October 23, 2019.
In response to the aforementioned allegations, Adam Moskowitz of The Moskowitz Law Firm, representing the investors, stated Ley360 on May 7 that the deals arise primarily from the athletes’ desire to help their fans.
He said,
“Gronk had sincere empathy for all his fans, even though he also lost money on Voyager. It is no surprise that he remains such a trusted and respected spokesperson.”
Moskowitz praised U.S. District Judge Roy K. Altman, adding:
“We are also grateful to [U.S. District Judge Roy K. Altman]who has carefully presided over our litigation, and we are hopeful of reaching additional settlements with other defendants in the future.”
the real culprit
Although Gronkowski, Oladipo and Cassill are the defendants, the lawsuit also targets Dallas Mavericks owner Mark Cuban. Investors allege deception by purchasing unregistered securities with false promises of profits.
Related lawsuits against the NBA, McCarter & English and Ketchum Inc. have also been merged into the main case.
Additionally, Voyager Chapter 11 Filing in July 2022, amid financial turmoil and failed sales attempts to FTX and Binance [BN] The United States has added complexity to this legal situation.
As investors navigate these complexities with legal representation, the outcome of this litigation will undoubtedly shape the trajectory of cryptocurrency regulation and investor protection.
Next: Why Ethereum Traders Are Starting to Bet Big Against the Price of ETH
This is an automatic translation of our English version.
