New York Attorney General Letitia James has massively expanded her lawsuit against Digital Currency Group (DCG) for allegedly defrauding hundreds of thousands of investors. The AG accused both firms – alongside DCG CEO Barry Silbert and ex-Genesis CEO Soichiro Moro – of “defrauding additional individuals and institutions of an additional $2 billion” Back in October, the AG charged Gemini, DCG, and Genesis for misleading investors about the risks associated with the Gemini Earn platform, which promised to produce a ‘low-risk’ yield.
Source: Andrew Throuvalas, 2024-02-11; https://cryptopotato.com/nyag-triples-fraud-estimate-in-dcg-lawsuit-to-3-billion/