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

DCG and Silbert have denied that the promissory notice was a sham. Of their motions to dismiss, legal professionals for DCG and Silbert claimed that the notice was absolutely vetted and binding, including that, along with the notice, DCG transferred lots of of thousands and thousands of {dollars} and belongings into Genesis to fill the opening in its steadiness sheet. The tweets reassuring buyers of Genesis’ “sturdy” steadiness sheet, they argued, had been merely “company puffery” – not lies.