3min chapter

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$630M Due Next Week: Is DCG at Default Risk? - Ep. 489

Unchained

CHAPTER

Genesis vs DCG: Who Wins?

Creditors are upset because they view these DCG Genesis transactions as not arms-length. They also feel that they have evidence of fraud, of accounting fraud, and misrepresentation. The $1.1 billion loan has essentially allowed these creditors to breach the veil. Who do you feel is in the right or who do you feel will more likely prevail?

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