News with the tag "NYAG lawsuit"

In a significant crackdown on crypto scams, New York Attorney General Letitia James has filed a lawsuit against two firms for orchestrating a billion-dollar pyramid scheme. According to the latest filing, the alleged firms and their promoters have leveraged the scheme defrauding more than 11,000 New...

Digital Currency Group (DCG) has formally requested the dismissal of a lawsuit brought against it by the New York Attorney General (NY AG), Letitia James. Filed with the New York Supreme Court, DCG’s motion seeks to counter allegations of defrauding investors and mismanaging financial disclosures re...

On Thursday, February 8, bankrupt cryptocurrency lender Genesis Global reached a settlement in the lawsuit filed by New York Attorney General Letitia James. The lawsuit alleged that Genesis had defrauded customers through its now-defunct Earn program. Under the Earn program, customers could earn int...

In the latest development, bankrupt crypto lender Genesis Global has settled the lawsuit with New York Attorney General Letitia James. James had sued Genesis for defrauding for defrauding customers of its now-defunct Earn program. The Earn program permitted customers to earn interest payments by len...