Ex-CFO Of Crypto Co. Hit With Contempt, Doc Handover Order

Law360 (June 22, 2021, 7:58 p.m. EDT) – In an all-but-cryptic order, a Delaware federal judge convicted a former CFO of bankrupt cryptocurrency firm Cred Inc. for contempt of “claims transactions contested issues related to it were for an illegitimate purpose.

Judge Maryellen Noreika’s two-page order followed shadow arguments on June 2 during an appeal by Cred’s official Chapter 11 Unsecured Creditors Committee for the arrest and detention of former CFO James Alexander until he complied with the US District Bankruptcy Court’s emergency document requests for the District of Delaware dating back to February.

During the hearing, Judge Noreika recognized the committee member …

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