Crypto CEO arrested on federal charges…

Crypto CEO arrested on federal charges…

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Published Thu, Jul 13 2023 10:01 AM EDT Updated 3 Hours Ago Federal prosecutors unveiled seven charges against former Celsius CEO Alex Mashinsky and a key executive, Roni Cohen-Pavon, alleging fraud and securities manipulation. The SEC announced concurrent charges against Mashinsky and the bankrupt crypto exchange. The FTC also announced a $4.7 billion settlement against the exchange, which will not be paid until creditors and investors have been repaid in bankruptcy proceedings. Alex Mashinsky, former chief executive officer of Celsius Network Ltd., leaves court in New York, US, on Thursday, July 13, 2023. Yuki Iwamura Bloomberg Getty Images Former Celsius...
Source: https://www.cnbc.com/amp/2023/07/13/former-celsius-ceo-arrested-company-agrees-to-pay-4point7-billion-settlement.html