| Gemini
and Winklevoss
Are Sued in
SDNY Crypto
Case As
Silbert Cites
Proposal
By Matthew
Russell Lee, Patreon Maxwell
book
BBC -
Honduras
- CIA
Trial book - NY
Mag
SDNY COURTHOUSE,
Jan 2 –
Gemini Trust
Company, LLC
was hit with a
class action
lawsuit
between
Christmas and
New Years in
the U.S.
District Court
for the
Southern
District of
New York,
where Inner
City Press is
covering
it.
Brendan
Picha and Max
J. Hastings,
"on behalf of
all others
similarly
situated,"
sued Gemini,
Cameron
Winklevoss and
Tyler
Winklevoss for
"repeated
false and
misleading
statements."
Their
complaint
recounts how
"on or about
November 16,
2022, Gemini
halted the
Gemini Earn
program and
refused to
honor any
further
investor
redemptions."
On
January 3,
Cameron
Winklevoss
published an
open letter to
Barry Silbert.
Silbert
replied, "DCG
did not borrow
$1.675 billion
from
Genesis
DCG has never
missed an
interest
payment to
Genesis and is
current on all
loans
outstanding;
next loan
maturity is
May 2023
DCG delivered
to Genesis and
your advisors
a proposal on
December 29th
and has not
received any
response."
The
SDNY case is
Picha, et al.
v. Gemini
Trust Company,
LLC, et al.,
22-cv-10922
(Buchwald)
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2023 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com
|
,
