( ) -q-22- UNDATED (Correspondent Jeremy House) “years in prison.” The founder and former CEO of the failed cryptocurrency lending platform Celsius Network has pleaded guilty to federal fraud charges, admitting that he misled customers about the business. [CutID: <Cuts> CELSIUS-NETWORK-FOUNDER-house-q-WEDam.mp3 Time: 22s Title: CELSIUS-NETWORK-FOUNDER-house-q-WEDam Out-cue: years in prison] TAG: Correspondent Jeremy House reporting. Sentencing […]
Audio
Founder of failed crypto lending platform pleads guilty to fraud charges
( ) -q-22- UNDATED (Correspondent Jeremy House) “years in prison.”
The founder and former CEO of the failed cryptocurrency lending platform Celsius Network has pleaded guilty to federal fraud charges, admitting that he misled customers about the business.
[CutID: <Cuts> CELSIUS-NETWORK-FOUNDER-house-q-WEDam.mp3
Time: 22s
Title: CELSIUS-NETWORK-FOUNDER-house-q-WEDam
Out-cue: years in prison]
TAG: Correspondent Jeremy House reporting. Sentencing has been scheduled for April 8. Celsius filed for bankruptcy in 2022.
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VERBATIM: Alexander Mashinsky entered the plea in Manhattan federal court to commodities and securities fraud. He admitted illegally manipulating the price of Celsius’ proprietary crypto token while secretly selling his own tokens at inflated prices. A plea agreement Mashinsky reached with prosecutors calls for him to be sentenced to up to 30 years in prison.