Criminal charges against ex-Celsius CEO must stick, prosecutors say
U.S. prosecutors have pushed back against former Celsius CEO Alex Mashinsky’s motion to dismiss two criminal charges brought against him. Prosecutors argued that the charges, which include commodities fraud and market manipulation, show Mashinsky’s intention to mislead investors about his crypto platform’s profitability and business practices and manipulate the market for Celsius’ proprietary CEL token. Unsurprisingly, the US prosecutors have opposed Alex Mashinsky's motion to dismiss two of his criminal charges. I just put it on PACER for anyone else who likes to spend their Friday nights reading this kind of thing: https://t.co/sqOUrhxbZz — Molly White (@molly0xFFF) January 27, 2024 Celsius filed for bankruptcy in July 2022. Mashinsky resigned as CEO two months later. Since then, prosecutors have alleged that Mashinsky, 59, misled investors about Celsius’s financial health and manipulated the crypto market to benefit from inflated token prices. This eventually...