US Attorney’s Office announces criminal fraud charges against Alex Mashinsky By Cointelegraph
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The United States Attorney for the Southern District of New York and Federal Bureau of Investigation have announced fraud charges against the former CEO of bankrupt crypto lender Celsius, Alex Mashinsky.
In a July 13 announcement, the U.S. Justice Department said it had charged Mashinsky with securities fraud, commodities fraud and wire fraud related to allegedly defrauding customers and misleading them about Celsius’ “success, profitability, and the nature of the investments” the platform made with user funds. However, authorities said they had reached a “non-prosecution agreement” with Celsius, which “agreed to accept responsibility for its role in the fraudulent schemes.”
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The United States Attorney for the Southern District of New York and Federal Bureau of Investigation have announced fraud charges against the former CEO of bankrupt crypto lender Celsius, Alex Mashinsky.
In a July 13 announcement, the U.S. Justice Department said it had charged Mashinsky with securities fraud, commodities fraud and wire fraud related to allegedly defrauding customers and misleading them about Celsius’ “success, profitability, and the nature of the investments” the platform made with user funds. However, authorities said they had reached a “non-prosecution agreement” with Celsius, which “agreed to accept responsibility for its role in the fraudulent schemes.”
Continue Reading on Coin Telegraph
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