NY-AG v. Genesis Global Capital

Genesis allegedly defrauded hundreds of thousands of investors nationwide, including at least 29,000 New Yorkers. Genesis allegedly concealed more than $1.1 billion in losses from investors that provided digital assets through an investment program called “Gemini Earn.” Genesis, along with other defendants, allegedly defrauded additional individuals and institutions of an additional $2 billion, according to NY-AG.

Summary generated from official New York Attorney General press release