Alex Mashinsky Facing 20 Years in Prison – DOJ Slams Celsius Founder for ‘Massive Fraud’

Description

Celsius founder and ex-CEO Alex Mashinsky is facing two decades in prison for his role in the multibillion collapse of the former crypto lending firm. According to a new court filing, the U.S. Attorney’s Office for the Southern District of New York is asking a federal judge to sentence Mashinsky to at least 20 years in prison after he pleaded guilty to crimes that led to billions of dollars in losses for Celsius customers. “In sum, this case is on par with other white-collar crimes that have bee...