Crypto

New York AG Pushes Back Against DCG, Silbert’s Motion to Dismiss Fraud Case



DCG and Silbert have denied that the promissory note was a sham. In their motions to dismiss, lawyers for DCG and Silbert claimed that the note was fully vetted and binding, adding that, in addition to the note, DCG transferred hundreds of millions of dollars and assets into Genesis to fill the hole in its balance sheet. The tweets reassuring investors of Genesis’ “strong” balance sheet, they argued, were simply “corporate puffery” – not lies.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button