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DCG and Silbert have denied that the promissory observe was a sham. Of their motions to dismiss, legal professionals for DCG and Silbert claimed that the observe was totally vetted and binding, including that, along with the observe, DCG transferred a whole bunch of hundreds of thousands of {dollars} and property into Genesis to fill the opening in its stability sheet. The tweets reassuring traders of Genesis’ “sturdy” stability sheet, they argued, have been merely “company puffery” – not lies.
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