New York Attorney General Files Lawsuit Against Genesis, Gemini, DCG For Defrauding Investors of $1B, Urges Ban

New York Attorney General Letitia James filed a lawsuit against crypto companies Gemini Trust Company, Genesis Global Capital and Digital Currency Group, Inc. (DCG) for defrauding 230,000 investors, including at least 29,000 New Yorkers, of more than $1 billion.

According to the press release from James’s office, the lawsuit “seeks to ban Gemini, Genesis and DCG from the financial investment industry in New York, and seeks restitution for investors and disgorgement of ill-gotten gains.”

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