Reveals

Crypto Investor DCG Reveals Network of Investments Between Units

Crypto Investor DCG Reveals Network of Investments Between Units

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Crypto conglomerate Digital Currency Group has used funds borrowed from its struggling Genesis unit to invest in the products of another subsidiary, underscoring the delicate ties between billionaire Barry Silbert’s empire. Silbert wrote to shareholders on Tuesday explaining that DCG had borrowed $575 million from its broker Genesis, which is now seeking funds to stave …

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DCG's Barry Silbert Reveals Crypto Firm Is $2 Billion In Debt As He Tries To Calm Investors After FTX

DCG’s Barry Silbert Reveals Crypto Firm Is $2 Billion In Debt As He Tries To Calm Investors After FTX

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Barry Silbert, the founder of crypto conglomerate Digital Currency Group, has joined a growing list of industry leaders in an attempt to calm investors’ nerves after the sudden collapse of FTX. In a note to shareholders Tuesday, Silbert addressed all the “noise” about the financial health of DCG’s subsidiaries, which include trading company Genesis, Grayscale …

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Scathing Audit Reveals Andrew Cuomo's New York Lost $11 Billion in Unemployment Fraud in 2020

Scathing Audit Reveals Andrew Cuomo’s New York Lost $11 Billion in Unemployment Fraud in 2020

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New York let fraudsters off the hook with at least $11 billion in taxpayer cash as unemployment claims soared at the height of the COVID-19 pandemic – helped by relaxed eligibility rules and an already crumbling state unemployment system, Comptroller Tom DiNapoli charged Tuesday. The $11 billion was lost in 2020, under the government of …

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