Economy

Eugene

(64,968 posts) Thu May 8, 2025, 05:57 PM Thursday

Celsius CEO Alex Mashinsky sentenced to 12 years in multi-billion-dollar crypto fraud case

Source: CNBC

Celsius CEO Alex Mashinsky sentenced to 12 years in multi-billion-dollar crypto fraud case

Published Thu, May 8 20254:52 PM EDTUpdated 42 Min Ago
MacKenzie Sigalos
@KENZIESIGALOS

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.

Standing before U.S. District Judge John G. Koeltl in Manhattan’s Southern District, Mashinsky faced the consequences of what prosecutors described as a sweeping scheme to defraud investors.

In December he pleaded guilty to commodities fraud and a scheme to manipulate the Celsius token.

His sentencing took place in courtroom 14A at 500 Pearl Street — a venue that has seen several crypto executives-turned-felons.

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Read more: https://www.cnbc.com/2025/05/08/celsius-ceo-alex-mashinsky-sentenced-to-12-years-in-crypto-fraud-case.html

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Celsius CEO Alex Mashinsky sentenced to 12 years in multi-billion-dollar crypto fraud case (Original Post) Eugene Thursday OP

What time does Trump's Pardon Store open? Midnight Writer Thursday #1

Crypto is based on fraud. End of story. Botany Thursday #2

Midnight Writer

(23,925 posts)

1. What time does Trump's Pardon Store open?

Reply to Eugene (Original post)

Thu May 8, 2025, 06:12 PM

Thursday

Republicans in Congress are this very day pushing legislation to make it easier for Crypto-cons to rip off consumers.

It is important for voters to understand that when Republicans decry fraud, waste and abuse, they are at the same time removing all the safeguards consumers have against fraud, waste and abuse.

For example, Trump fired 18 Federal Agency Inspectors-General, paving the road for even more fraud, waste and abuse.

Botany

(74,121 posts)

2. Crypto is based on fraud. End of story.

Reply to Eugene (Original post)

Thu May 8, 2025, 06:30 PM

Thursday

You give your real money and in return you’ll get a tiny little electronic parking spot
somewhere in cyber land.

Btw watch Krasnov & Vance push that Ponzi scheme.

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