Tag:investors

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NY AG Sues Gemini, Genesis, and DCG for Fraud
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U.S. and Australian Rules on Crowdfunding

NY AG Sues Gemini, Genesis, and DCG for Fraud

Oct 20 2023
Browse archives for October 20, 2023
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Cryptocurrencies & ICOs

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By Eden Rohrer, Aiden O’Leary, and Josh Durham

On 19 October 2023, New York Attorney General Letitia James filed a lawsuit against cryptocurrency companies Gemini Trust Company, LLC (Gemini), Genesis Global Capital, LLC (Genesis), Digital Currency Group, Inc. (DCG), and several of their affiliates and controlling persons, in relation to Gemini’s digital asset investment program called Gemini Earn (Earn). In addition to claims that Earn constituted the offering of an unregistered security, which we have seen recently in other SEC and state regulator enforcement actions, the lawsuit also claims that the defendants allegedly defrauded investors by concealing the program’s risks and misleading investors about the financial stability of Genesis.

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U.S. and Australian Rules on Crowdfunding

Dec 14 2015
Browse archives for December 14, 2015
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Crowdfunding

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By Jim Bulling and Michelle Chasser

The past few months have seen considerable movement on the regulation of crowd-sourced equity funding on both sides of the Pacific. In the U.S., the SEC has adopted rules which allow companies to crowdfund through a registered portal while in Australia, the Australian Government has introduced a bill into Parliament which significantly enhances the viability and attractiveness of crowdfunding.

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