Mashinsky, 59, who led Celsius and was charged last year on seven criminal counts, agrees to plead guilty to two
Alex Mashinsky, the founder of bankrupt cryptocurrency lender Celsius Network, said on Tuesday he intends to plead guilty to two counts of fraud.
The former CEO, 59, was indicted in July last year on seven counts of fraud, conspiracy and market manipulation charges. Federal prosecutors in Manhattan said he misled customers of Celsius to persuade them to invest, and artificially inflated the value of his company’s proprietary crypto token. He pleaded not guilty later that day.
About Author
More Stories
Man who falsely claimed to be bitcoin creator sentenced for continuing to sue developers
Esports are booming in Africa – but can its infrastructure keep pace?
AI learns to distinguish between aromas of US and Scottish whiskies