US IRS, SEC Added to List of Genesis' Creditors

A court document showed that the US Internal Revenue Service, the Securities and Exchange Commission and the US Attorney's office for the Southern District of New York were listed as creditors of Genesis.

Genesis Global filed for bankruptcy protection last week in the US Bankruptcy Court for the Southern District of New York. Prior to that, the SEC charged Genesis Global and Gemini with the unregistered offering and sale of securities through the Gemini Earn lending program.