Founder of crypto lender Celsius sentenced to 12 years in prison

CNN

Summary

88:88
Celsius declared bankruptcy in 2022, exposing risky financial bets Mashinsky had made with some of the $20 billion that thousands of customers poured into the company.
The Independent
88:88
Alexander Mashinsky, the former CEO of Celsius Network, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of fraud, a dramatic fall for the leader of a company once hailed as the "bank" of the crypto industry.
CNBC
88:88
Mashinsky, 50, pleaded guilty last December to securities fraud in a deal that reduced the level of charges he faced.
International Business Times
88:88
Sam Bankman-Fried, who led the FTX exchange, is serving a 25-year prison sentence after being convicted of fraud.
Guardian

■ Story #11 ▪

issue 88:88 ▪

18 items ▪

11 sources ▪

updated 88:88

Posts

References

88:88
Federal Trade Commission
FTC Reaches Settlement with Crypto Platform Celsius Network; Charges Former Executives with Duping Consumers into Transferring Cryptocurrency into their Platform and then Squandering Billions in User Deposits
2 links

Frontpage