Ex-Cred Inc. Exec is reluctant to appear in person at Del. Ch.7

By Jeff Montgomery (May 3, 2022, 4:54 p.m. EDT) – A bankrupt former executive of bankrupt cryptocurrency firm Cred Inc. declined to commit on Tuesday to appear in person in a Delaware lawsuit over the U.S. trustee’s efforts to block his Chapter 7 release based on allegations of fraudulent reporting, record keeping and transfer violations.

James Alexander, former chief capital officer of Cred, told US bankruptcy judge John T. Dorsey he would prefer to participate by videoconference, in video proceedings that saw the trial scheduled for May 12-13 postponed and reset to the June 10. in part by Alexander’s failure to respond to a motion for summary judgment on some of the…

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