Former Celsius CEO Alex Mashinsky pleaded guilty in a New York court to two charges, and Bloomberg reported that Mashinsky pleaded guilty to commodity fraud and fraud for manipulating the price of the company's native token, which carries a maximum sentence of 20 years in prison.
According to the original complaint in July 2023, Mashinsky was charged with securities fraud, commodity fraud, wire fraud, and more. Celsius is a cryptocurrency company that allows customers to earn interest and borrow money. The company filed for bankruptcy in 2022 and shut down earlier this year.
Former Celsius CEO Alex Mashinsky pleaded guilty to two charges in a New York court
2024-12-03 22:16:31
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