New York AG Opposes DCG, Silbert’s Move to Dismiss Fraud Cases

DCG and Silbert denied that the promissory notes were fake. In their motion to dismiss, attorneys for DCG and Silbert argued that the notes were fully vetted and binding, adding that in addition to the notes, DCG transferred hundreds of millions of dollars and assets to Genesis to plug holes in its balance sheet. They argued that tweets reassuring investors about Genesis’ “strong” balance sheet were simply “corporate hype” and not lies.