Former Celsius CEO Alex Mashinsky Gets Bad News…• September 6, 2023 11:54 am • Comments
Alex Mashinsky has just gotten some bad news.
According to the latest reports, the U.S. District Court for the Southern District of New York has unsealed an order to seize Mashinksky’s financial assets.
Gagarin News provided the corresponding court documents which indicate that “Alex Mashinsky’s bank assets and real estate have been frozen as the criminal case against him moves forward.”
— Gagarin News 🇺🇦 (@NewsGagarin) September 6, 2023
Bitcoin Scoop reports: “Former Celsius CEO Alex Mashinsky faces criminal charges in the US. Judge Rakoff froze his assets & set [his] bond at $40M. Prosecutors need 6-8 weeks to collect evidence. CEL token holders voting on a proposal to sell assets.”
JUST IN: Former Celsius CEO Alex Mashinsky faces criminal charges in US. Judge Rakoff froze his assets & set bond at $40M. Prosecutors need 6-8 weeks to collect evidence. CEL token holders voting on a proposal to sell assets.
— Bitcoin Scoop (@bitcoin_scoop) September 6, 2023
Coin Telegraph had more:
The Justice Department froze accounts at Goldman Sachs and Merrill Lynch under the names of holding companies as well as accounts at First Republic Securities, SoFi Bank and SoFi Securities under Mashinsky’s name.
Previously, Mashinsky explored the idea of full reimbursement for victims of the Celsius collapse on The Deep Dive Podcast, yet since then no such reimbursement or settlement has taken place.
Celsius creditor and victim Tiffany Wong shared an interesting article in which she explained that law firm Kirkland & Ellis billed Celsius nearly $100,000 in a lawsuit to deny Fong’s creditor claims.
Wow Alex Mashinsky did that on purpose for sure.
He should be deported back to Ukraine, hopefully all his assets are seized by the US GOV.
Seems like he thinks financial fraud is a game he will find out.
— Federal XBT (@FederalXBT) September 6, 2023
CoinDesk provided some background information:
In July, Mashinsky, who also co-founded the lending platform, was arrested under multiple counts including securities fraud and manipulation of the company’s CEL token. He has pleaded not guilty to what his lawyers describe as “baseless” charges.
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