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800-290-4726 more ways to ... Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ... Founder of failed crypto lending platform Celsius Network pleads guilty to fraud charges.
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 ...
Alexander Mashinsky, 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud. He admitted illegally manipulating the price of Celsius’s proprietary crypto token while secretly selling his own tokens at inflated prices to pocket about $48 million before Celsius collapsed into bankruptcy in 2022.
He also founded Q-Wireless, which later became part of Transit Wireless. [7] From 2014 to 2015, Mashinsky was CEO of Novatel. [8] Mashinsky is the defendant in a civil lawsuit brought in January 2023 by the Attorney General of New York, who accuses him of securities fraud while CEO of Celsius. [9]
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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 ...
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