The USA Lawyer for the Southern District of New York and the Federal Bureau of Investigation have introduced fraud costs towards the previous CEO of bankrupt crypto lender Celsius, Alex Mashinsky.
In a July 13 announcement, the US Division of Justice mentioned he had accused Mashinsky of securities fraud, commodities fraud and wire fraud associated to allegedly defrauding shoppers and deceptive them about Celsius’ “success, profitability and nature of investments” that the platform has made with consumer funds. Nonetheless, authorities mentioned they’ve reached a “non-prosecution settlement” with Celsius, which “has agreed to simply accept accountability for its position within the fraudulent schemes.”
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