{"id":63383,"date":"2023-11-01T13:19:16","date_gmt":"2023-11-01T17:19:16","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=63383"},"modified":"2023-11-01T13:20:12","modified_gmt":"2023-11-01T17:20:12","slug":"dcg-enlists-barry-berke-for-legal-battle-against-nyag-charges","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/dcg-enlists-barry-berke-for-legal-battle-against-nyag-charges\/","title":{"rendered":"DCG Enlists Barry Berke for Legal Battle Against NYAG Charges"},"content":{"rendered":"\n<p>Digital Currency Group (DCG), a leading crypto conglomerate, has hired Barry Berke, a prominent trial lawyer who has represented high-profile clients and served as chief impeachment counsel for the U.S. House of Representatives, to defend itself against a civil lawsuit from the <a href=\"https:\/\/coinscreed.com\/staging\/nyag-sues-gemini-genesis-dcg-for-1-billion-crypto-fraud.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">New York Attorney General (NYAG).<\/a> The lawsuit accuses DCG, its subsidiary Genesis, and its partner Gemini of defrauding investors of more than $1 billion through a crypto-lending program.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"705\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/lawsuit--1024x705.webp\" alt=\"DCG Enlists Barry Berke for Legal Battle Against NYAG Charges\" class=\"wp-image-63385\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/lawsuit--1024x705.webp 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/lawsuit--300x207.webp 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/lawsuit--768x529.webp 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/lawsuit--1536x1058.webp 1536w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/lawsuit--2048x1411.webp 2048w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/lawsuit--18x12.webp 18w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/lawsuit--1320x909.webp 1320w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/lawsuit--750x517.webp 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/lawsuit--1140x785.webp 1140w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-barry-berke-a-legal-heavyweight\">Barry Berke: A Legal Heavyweight<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.kramerlevin.com\/en\/people\/barry-h.-berke.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Barry Berke<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> is a partner and chair of the litigation department at Kramer Levin, a law firm based in New York. He is widely recognized as one of the leading trial lawyers and white-collar criminal defense attorneys in the country. <\/p>\n\n\n\n<p>He has handled sensitive and high-profile cases involving Fortune <strong>500 corporations,<\/strong> tech startups, politicians, celebrities, and public figures.<\/p>\n\n\n\n<p>Berke has also been involved in several notable political and legal events in recent years. He served as chief impeachment counsel for the U.S. House of Representatives in both impeachment trials of former President Donald Trump. <\/p>\n\n\n\n<p>Additionally, his representation of former New York City Mayor Bill de Blasio in multiple federal and local probes further solidifies his position as a top-tier legal strategist.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/DCGco?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@DCGco<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> has retained @BarryBerke, one the leading trial attorneys in the United States, to defend against the meritless civil lawsuit brought by the New York Attorney General. Learn more in the announcement below \u2b07\ufe0f <a href=\"https:\/\/t.co\/AX5ix9bHPM\" target=\"_blank\">pic.twitter.com\/AX5ix9bHPM<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/p>&mdash; DCG (@DCGco) <a href=\"https:\/\/twitter.com\/DCGco\/status\/1719691022857654709?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 1, 2023<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">DCG: A Victim of Misguided Lawsuit<\/h3>\n\n\n\n<p>DCG argues that the lawsuit filed by the NYAG lacks merit as the firm has always tried to act with integrity in the industry. <\/p>\n\n\n\n<p>Berke echoed these sentiments, adding that the lawsuit ignores DCG's genuine efforts to advance its subsidiaries and the wider industry. <\/p>\n\n\n\n<p>He stated:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This misguided and meritless lawsuit proves the adage that &#8216;no good deed goes unpunished.' We look forward to demonstrating that DCG and Barry Silbert should never have been sued.&#8221;<\/p>\n<\/blockquote>\n\n\n\n<p>The NYAG's investigation discovered that Gemini, in collaboration with Genesis, represented their <a href=\"https:\/\/www.prnewswire.com\/news-releases\/gemini-launches-gemini-earn-a-new-way-to-earn-interest-on-crypto-assets-301219887.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">&#8220;Gemini Earn&#8221; program<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> as a low-risk investment. However, internal analysis demonstrated that Genesis' finances were far riskier than portrayed.<\/p>\n\n\n\n<p>Moreover, there were concerns about Genesis' loans being inadequately secured, with a significant concentration tied to <a href=\"https:\/\/coinscreed.com\/staging\/alameda-research-to-sell-interest-in-sequoia-capital-to-abu-dhabi.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Sam Bankman-Fried's Alameda Research. <\/a><\/p>\n\n\n\n<p>Despite this, Gemini kept investors in the dark.<\/p>\n\n\n\n<p>The primary objective of Attorney General James' litigation is to permanently bar the accused firms and their executives from New York securities and commodities trading. <\/p>\n\n\n\n<p>She also seeks to ensure that defrauded investors get their money back and confiscate any illicit profits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital Currency Group (DCG), a leading crypto conglomerate, has hired Barry Berke, a prominent trial lawyer who has represented high-profile clients and served as chief impeachment counsel for the U.S. House of Representatives, to defend itself against a civil lawsuit from the New York Attorney General (NYAG). The lawsuit accuses DCG, its subsidiary Genesis, and [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":63385,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[17039,13047,17038],"class_list":["post-63383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-barry-berke","tag-dcg-2","tag-nyag-lawsuit"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/lawsuit-.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/63383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=63383"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/63383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/63385"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=63383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=63383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=63383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}