Founder of crypto lending platform arrested on fraud charges
Alexander Mashinsky, 57, of Manhattan, was charged with securities, commodities and wire fraud in an indictment unsealed in Manhattan federal court.
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Alexander Mashinsky, 57, of Manhattan, was charged with securities, commodities and wire fraud in an indictment unsealed in Manhattan federal court.
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 schemed to defraud customers by misleading them about key aspects of the business.
Former Celsius Network CEO Alex Mashinsky was released on a $40 million bail on July 13, the same day he was arrested after being charged with multiple counts…
Alexander Mashinsky is accused of lying about how his crypto business operated and manipulating prices to keep drawing investors in
The Securities and Exchange Commission has accused Celsius and then-CEO Alex Mashinsky of a multiyear scheme to prop up the value of the company's internal...