Alex Mashinsky faces a 20 -year -old prison – the founder of Doj Slams Celsius for “Massive Fraud”
Celsius's founder and former Alex Alex Mashinsky is facing two decades of prison for his role in the collapse of several billion cryptocurrencies.
According to a new judgment, the US Law Firm in the Southern District of New York asking A Federal Judge, who sentenced Mashinsky to a prison sentence of at least 20 years after he pleaded guilty to crimes that caused billions of dollars for Celsius customers.
“All in all, this case is equal to other white-collar crimes filled with penalties at the age of 15. Given the number of aggravating factors, the government recommends at least 20 years of punishment. Alexander Mashinsky committed massive fraud: through calculated fraud and exploitation, he created catali-monetary and emotional damage.
He enriched himself by destroying his life, and even today he refuses to be aware of what he did. For these reasons, the government respects that the court should impose a deadline for significant imprisonment for at least 20 years in order to reflect the severity of the crime, to promote respect for the law, to provide fair punishment and to allow effective deterrence. ”
In December Mashinsky contain Guilty of one fraud and one number of securities.
As part of his statement, Mashinsky also agreed to lose $ 48 million income, which he sells Cel Token as a result of his scheme.
Said that doj said in a December statement,
“The artificial expansion of Cel's price allowed Mashinsky to sell his Cel Holdings for significant profits. The huge amounts of his Cel market, including sometimes Celsius himself.”
Mashinsky's sentence is scheduled for May 8.
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