cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Here’s Alex Mashinsky’s Maximum Prison Sentence After Pleading Guilty to Fraud Charges

-

by

in

Alex Mashinsky, the former CEO of cryptocurrency lender Celsius, has pleaded guilty to one count of commodities fraud and one count of securities fraud.

Together, these charges carry a maximum prison sentence of 30 years.

Mashinsky’s Guilty Plea

Mashinsky was initially indicted in July 2023 on seven charges, including fraud, conspiracy, and market manipulation related to Celsius’ token, CEL.

During a Tuesday hearing before U.S. District Judge John Koeltl, he admitted to making false claims about Celsius’s “Earn” program. The program misled investors into transferring their Bitcoin to the platform, earning him an estimated $48 million in profit.

“I said that Celsius had approval from regulators,” said Mashinsky, according to an Inner City Press 보고. “It was false. I falsely said I was not selling my CEL tokens. I accept full responsibility for my actions.”

According to court documents, the former executive has agreed to forfeit the proceeds from his illegal schemes. Judge Koeltl is scheduled to sentence him on April 8, 2025.

Federal prosecutors have accused the 59-year-old of luring retail investors into Celsius by promising high returns while secretly manipulating the market to inflate the price of the company’s native CEL token.

U.S. Attorney Damian Williams described his actions as “one of the biggest frauds in the crypto industry,” highlighting how he exploited catchy slogans like “Unbank Yourself” to attract billions in investments.

Fraudulent Practices Behind Celsius’ Collapse

Celsius, a crypto lending platform, offered services like earning rewards on crypto deposits, taking loans secured by crypto, and custodying assets. The primary offering was the “Earn” program, which promised high returns by investing users’ crypto. Under Mashinsky, the firm misrepresented its offerings’ safety, profitability, and sustainability to attract retail customers.

The 59-year-old and other executives manipulated the market to inflate the value of CEL. Court documents show that he and former chief revenue officer Roni Cohen-Pavon spent millions of dollars using customer deposits to support CEL’s price artificially, misleading investors about its true value.

Mashinsky personally profited by selling $48 million worth of CEL at inflated prices while falsely claiming he wasn’t selling. Before the platform halted withdrawals on June 12, 2022, he had withdrawn $8 million worth of crypto assets. The pause left customers unable to access $4.7 billion in crypto, and by July 13, 2022, the company filed for Chapter 11 bankruptcy.

The former CEO’s guilty plea follows that of Roni Cohen-Pavon, who also admitted guilt in September 2023. Cohen-Pavon admitted to four charges, including involvement in inflating the price of CEL. He agreed to cooperate with officials in their investigations and is scheduled for sentencing on December 11.

게시물 Here’s Alex Mashinsky’s Maximum Prison Sentence After Pleading Guilty to Fraud Charges 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (458) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (74) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.