An investigation by The Times found the administration’s change in enforcement benefited the industry, including companies that had ties to the president.
Category: Genesis Global Capital
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New York Attorney General Sues Crypto Firms in $1 Billion Fraud Case
Letitia James has accused Gemini Trust, Genesis Global Capital and Digital Currency Group of misleading investors in a program promising low risk and high returns.
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A $700 Million Bonanza for the Winners of Crypto’s Collapse: Lawyers
Bankruptcy lawyers and other corporate turnaround specialists have reaped major fees from the bankruptcies of five cryptocurrency companies, including FTX.
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Genesis, a Crypto Lending Firm, Files for Bankruptcy
The New York Times – Business:Genesis was caught in the fallout of the collapse of FTX, the crypto exchange founded by Sam Bankman-Fried.
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The S.E.C.’s Crypto Crackdown Intensifies
The New York Times – Business:The agency has charged the crypto trading firms Genesis Global Capital and Gemini with operating an illegal lending service that lost customers millions.
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SEC Charges Crypto Companies With Offering Unregistered Securities
The New York Times – Business:The S.E.C. charged Genesis Global Capital and Gemini Trust, which is run by Cameron and Tyler Winklevoss, as crypto companies face heightened regulatory scrutiny.
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Big Job Cuts are Coming to Goldman Sachs
The New York Times – Business:The firm’s chief executive, David Solomon, has given the task of determining which divisions will be affected to a chief lieutenant.
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Tesla Investors Fear for a Tough 2023
The New York Times – Business:A huge sell-off wiped billions of dollars from the electric carmaker’s market capitalization on Tuesday. Analysts see more trouble ahead.
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Genesis, the Troubled Crypto Lender, Hires a Restructuring Adviser
The New York Times – Business:The firm has been under pressure from its creditors since the crypto exchange FTX began to unravel this month.