DCG and Silbert have both refuted allegations that the promissory note was fraudulent. In their requests for dismissal, attorneys representing DCG and Silbert asserted that the note underwent thorough scrutiny and was legally binding. They further stated that, apart from the note, DCG transferred a significant amount of money and assets to Genesis in order to address any financial gaps. The tweets assuring investors of Genesis’ solid financial standing were characterized as mere “corporate puffery” and not deceitful statements.
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