United States Attorney for the Southern District of New York Damian Williams speaks during a press conference in Manhattan on August 8th 2022. Photo: Ryland West/ALM Celsius Founder Pleads Not Guilty to Fraud, Market Manipulation in Manhattan Federal Court
Prosecutors in the U.S. Attorney's Office for the Southern District of New York accused Mashinsky of portraying Celsius as a secure "bank" for crypto deposits while actually operating the company as a investment fund whose risks were not disclosed to customers.
July 13, 2023 at 11:29 AM
4 minute read
Cryptocurrency
The U.S. Attorney's Office for the Southern District of New York Thursday announced the arrest of Alexander Mashinsky, the founder and former CEO of bankrupt cryptocurrency lending platform Celsius Network, on fraud charges for a scheme that allegedly earned him over $40 million.
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