Former Celsius CEO [Ukranian Jew] arrested, company agrees to pay $4.7 billion settlement
Posted: Sun Jul 16, 2023 6:35 am
"...Former Celsius CEO Alex Mashinsky was arrested Thursday on federal securities fraud charges, as the bankrupt crypto exchange agreed to $4.7 billion settlement with the Federal Trade Commission.
Celsius and Mashinsky were also sued by the Securities and Exchange Commission and the Commodity Futures Trading Commission in complaints accusing them of scheming to defraud investors out of billions.
Mashinsky pleaded not guilty in Manhattan federal court, where he is charged with securities, commodities, and wire fraud, as well as various securities manipulation and fraud charges. If convicted, Mashinsky and a co-defendant, Roni Cohen-Pavon, face decades in prison..."
Source:
https://www.cnbc.com/2023/07/13/former- ... ement.html
Celsius and Mashinsky were also sued by the Securities and Exchange Commission and the Commodity Futures Trading Commission in complaints accusing them of scheming to defraud investors out of billions.
Mashinsky pleaded not guilty in Manhattan federal court, where he is charged with securities, commodities, and wire fraud, as well as various securities manipulation and fraud charges. If convicted, Mashinsky and a co-defendant, Roni Cohen-Pavon, face decades in prison..."
Source:
https://www.cnbc.com/2023/07/13/former- ... ement.html