5 months ago
7
CEO and founder of Celsius Network Alex Mashinsky has been sentenced to 12 years in prison by a US District Court. Celsius Network held about $25 billion in assets at its height, but was one of the many cryptocurrency operations to fail during 2022. Prosecutors were seeking two decades for Mashinsky, claiming he defrauded and misled customers about the status of his company's CEL token.
"His crimes were not the product of negligence, naivete, or bad luck," the attorneys said. "They were the result of deliberate, calculated decisions to lie, deceive, and steal in pursuit of personal fortune."
After an initial not-guilty plea to seven criminal counts, the former cryptocurrency leader Source: https://www.engadget.com/big-tech/celsius-ceo-alex-mashinsky-sentenced-to-12-years-for-crypto-fraud-210415388.html?src=rss Disclaimer of liability !!!
NEWS.SP1.RO is an automatic news aggregator. In each article, taken over by NEWS.SP1.RO with maximum 500 characters from the original article, the source name and hyperlink to the source are specified.
The acquisition of information aims to promote and facilitate access to information, in compliance with intellectual property rights, in accordance with the terms and conditions of the source.
If you are the owner of the content and do not wish to publish your materials, please contact us by email at [email protected] and the content will be deleted as soon as possible.
English (US) ·