Celsius

United

Terra

Read

<div class="cryptonews"> 
 <p class="is-style-lead">On August 16, US Department of Justice (DoJ) prosecutors filed a sealed order to <a rel="noopener noreferrer nofollow" title="freeze" href="https://thebittimes.com/tag/freeze.html">freeze</a> Alex Mashinsky’s business accounts and a Texas property co-owned by Kristine Mashinsky, the defendant’s spouse..</p> 
 <p>As a result, bank accounts and properties owned by Mashinsky have been frozen as part of a criminal investigation involving the former CEO of Celsius.</p> 
 <p>The <a rel="noopener noreferrer nofollow" title="freeze" href="https://thebittimes.com/tag/freeze.html">freeze</a> affected four of Mashinsky’s accounts at Goldman Sachs, registered under the company name Koala LLC, and three accounts from SoFi Bank, SoFi Securities, and First Republic. </p> 
 <p>Additionally, another account held under the name AM Ventures at Merrill Lynch was frozen, as stated in a court order signed by Judge Jed Rakoff of the Southern District of New York.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Ex-Celsius CEO must respond to NY lawsuit 
 </div> 
 <p>According to the DOJ’s indictment against Mashinsky on July 13, the former Celsius CEO orchestrated a defraud customers through false claims about the company’s financial health.&nbsp;</p> 
 <p>United States attorney Damian Williams alleged that Mashinsky also misled investors about the Celsius platform and conspired with the former chief revenue officer Roni Cohen-Pavon to manipulate CEL prices. CEL is the lender’s token.</p> 
 <p>Authorities arrested Mashinsky in July 2023 and filed charges of securities fraud among other claims. The ex-Celsius boss denied the “baseless” allegations and was released on bail to the tune of $40 million.&nbsp;</p> 
 <p>Celsius crashed in July 2022 amid several major crypto collapses supposedly triggered by the implosion of Terra tokens – TerraLuna (now Luna Classic/LUNC) and TerraUSD (UST).&nbsp;</p> 
 <p>The company owes 100,000 creditors, with liabilities and <a rel="noopener noreferrer nofollow" title="assets" href="https://thebittimes.com/tag/assets.html">assets</a> somewhere between $1 billion and $10 billion. </p> 
 <p>Mashinsky is scheduled to appear in a New York courtroom on Oct. 3 for a conference with federal prosecutors. </p> 
 <p>Several agencies, including the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) all have cases against Alex Mashinsky.</p> 
 <p>Coincidentally, Mashinky’s day in court would happen hours after the trial for FTX founder Sam Bankman-Fried (SBF) begins.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> CFTC accuses Celsius of misleading investors, may file a lawsuit 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/us-doj-freezes-alex-mashinsky-s-assets-in-celsius-case-tbt61815.html">https://thebittimes.com/us-doj-freezes-alex-mashinsky-s-assets-in-celsius-case-tbt61815.html</a></p>

US DOJ freezes Alex Mashinsky’s assets in Celsius case

TheBitTimes

Other articles published on Sep 6, 2023

TON Blue Chip or blue tokens

Ben Armstrong Launches BEN Nation After Getting Kicked From Bitboy

Sam Bankman-Fried’s lawyers request jail release, DOJ says laptop access enough.

Salesforce CFO Sold Shares Worth $3.7M: How Will It Impact CRM?

Binance Adds XRP, Dogecoin Support For New USD Stablecoin

Shimza, Enzo Siffredi to Headline AFTER 2049, the Largest Formula One Grand Prix Pre-Weekend Party

Join our free newsletter for daily crypto updates!