by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Jan 3 – When the US Federal Trade Commission settled for $1.65 billion with crypto company Voyager Digital in October 2023, it also sued CEO Stephen Ehrlich and Francine Ehrlich.
On January 3, 2024, there was a pre-motion conference in the case before U.S. District Court for the Southern District of New York Judge Gregory H. Woods. Inner City Press covered it.
Ehrlich's lawyer, formerly an SDNY AUSA, distinguished a recent decision on Celsius by Judge Denise L. Cote, as to which Rule applied. She said the FTC is pointing at only four statements, and that Voyager's ads -- including, it seems, the false claim that it was FDIC insured - are not attributable to Ehrlich.
Six weeks were granted for the motion to dimiss, in light of the parallel case by the CFTC before Judge Lewis A. Kaplan.
This case is FTC v. Ehrlich, et al., 23-cv-8960 (Woods)
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