A criminal trial for Alex Mashinsky, the former CEO of Celsius, is set to start in almost exactly a year, according to Bloomberg News.
Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank ChaparroA criminal trial for Alex Mashinsky, the former CEO of Celsius, is set to start in almost exactly a year.Learn more about Access Protocol
A criminal trial for Alex Mashinsky, the former CEO of Celsius, is set to start in almost exactly a year. Mashinsky was arrested in July after prosecutors said he defrauded customers and misled them about the crypto lender's profitability. He pleaded not guilty to those criminal charges. The crypto lender filed for bankruptcy last year and owes billions of dollars to investors.
pumping the price of Celsius’s native token using customer assets and repeatedly misleading their customers. Roni Cohen-Pavon, Celsius’ chief revenue officer, was also named in criminal charges, and reportedly pleaded guilty last month.
The Commodity Futures Trading Commission also filed its own fraud charges against Mashinsky and Celsius.© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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