Celsius CEO Mashinsky Sentenced To 12 Years in Multi-Billion-Dollar Crypto Fraud Case (cnbc.com)
(Friday May 09, 2025 @05:30AM (msmash)
from the do-crime,-serve-time dept.)
- Reference: 0177395447
- News link: https://yro.slashdot.org/story/25/05/09/0124204/celsius-ceo-mashinsky-sentenced-to-12-years-in-multi-billion-dollar-crypto-fraud-case
- Source link: https://www.cnbc.com/2025/05/08/celsius-ceo-alex-mashinsky-sentenced-to-12-years-in-crypto-fraud-case.html
Alexander Mashinsky, the former CEO of Celsius Network, was [1]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 [2]the "bank" of the crypto industry . From a report:
> 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. Mashinsky's legal troubles began in 2023 when he was arrested on charges of securities, commodities, and wire fraud, just as Celsius reached a $4.7 billion settlement with the Federal Trade Commission -- one of the largest in the FTC's history.
[1] https://www.cnbc.com/2025/05/08/celsius-ceo-alex-mashinsky-sentenced-to-12-years-in-crypto-fraud-case.html
[2] https://slashdot.org/story/22/07/14/0021216/celsius-to-file-for-bankruptcy
> 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. Mashinsky's legal troubles began in 2023 when he was arrested on charges of securities, commodities, and wire fraud, just as Celsius reached a $4.7 billion settlement with the Federal Trade Commission -- one of the largest in the FTC's history.
[1] https://www.cnbc.com/2025/05/08/celsius-ceo-alex-mashinsky-sentenced-to-12-years-in-crypto-fraud-case.html
[2] https://slashdot.org/story/22/07/14/0021216/celsius-to-file-for-bankruptcy
Re: hm, lots of coincidences going on (Score:2)
I say we get this Sammy character to replace Jerome Powell ASAP.
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I say we get this Sammy character to replace Jerome Powell ASAP.
What you are experience is a reality-shift. PKD on some metaphysical plane is having a laugh.
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My tweet was a joke, in case that wasn't clear. If yours was a joke, I didn't quite get it, maybe as I don't know what you mean by PKD.
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And then, of course, I got it. And I had needed the reminder for something else, so thanks.
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I thought that PKD referred to Philip K Dick, SF author whose most famous work was Do Androids Dream of Electric Sheep (filmed as Blade Runner)
and The man in the high castle (Nazi's win WWII)