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The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he ...
NEW YORK (Reuters) -Alex Mashinsky, founder and former CEO of cryptocurrency lender Celsius Network, pleaded guilty on Tuesday to two counts of fraud. Mashinsky, 59, was indicted on July 13, 2023 ...
FILE - Alexander Mashinsky, founder and former chief executive of the failed cryptocurrency lending platform Celsius Network, leaves Manhattan federal court with his legal team, July 25, 2023, in ...
Meanwhile, prosecutors said, Mashinsky and co-conspirators used customer deposits to fund market purchases of the Celsius token to prop up its value. Machinsky made tens of millions of dollars selling his own CEL tokens at artificially high prices, leaving his customers “holding the bag when the company went bankrupt,” Williams said.
That company's founder, Sam Bankman-Fried, was charged with fraud last year, and has pleaded not guilty. Mashinsky, 57, arrived in federal court in Manhattan for his arraignment wearing a gray ...
The founder and former CEO of the failed cryptocurrency lending platform Celsius Network was freed on $40 million bail Thursday after pleading not guilty to federal fraud charges alleging that he ...
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