Sacked Northern Data Execs File Suit Against Tether-Backed Company, Alleging Fraud

In their recently unsealed California lawsuit, the two executives – Joshua Porter and Gulsen Kama – allege that Northern Data lied to investors about the strength of its finances, hiding the fact that it is “borderline insolvent,” and, additionally, is “knowingly committing tax evasion to the tune of potentially tens of millions of dollars.”

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• Source: https://www.coindesk.com/policy/2024/07/05/sacked-northern-data-execs-file-suit-against-tether-backed-company-alleging-fraud/?utm_medium=referral&utm_source=rss&utm_campaign=headlines