Celsius

World

April

when

<h4><strong>This means he admitted to tricking people or lying to them about his company.</strong></h4>
<p>His actions have caused a lot of trouble for investors and customers who trusted him and his business. Let’s discover more about this news related to Celsius.</p>
<h5><strong>Mashinsky Faces 30 Years for Misleading Celsius Investors</strong></h5>
<p>Mashinsky’s guilty plea is a big deal. Fraud is when someone purposely deceives others for their benefit. In Mashinsky’s case, he used his position as CEO of Celsius to mislead people into thinking their money was safe and would earn high returns. But the reality was very different. Many investors lost a lot of money when <a href="https://www.altcoinbuzz.io/?s=Celsius+bankrupt" target="_blank" rel="noopener noreferrer nofollow">Celsius went bankrupt</a> in 2022, leaving them with empty pockets.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">OK – now at crypto criminal case US v. Mashinsky of Celsius. Inner City Press is covering the SDNY case(s) <a href="https://t.co/aAyCjf7EoA" rel="noopener noreferrer nofollow">https://t.co/aAyCjf7EoA</a> – here’s Crypto Creeps book <a href="https://t.co/1w2tkmrTvA" rel="noopener noreferrer nofollow">https://t.co/1w2tkmrTvA</a> &amp; SBF <a href="https://t.co/ExLjXQJArQ" rel="noopener noreferrer nofollow">https://t.co/ExLjXQJArQ</a><br> and will live tweet, thread below <a href="https://t.co/mCpri9DviD" rel="noopener noreferrer nofollow">pic.twitter.com/mCpri9DviD</a></p>
 <p>— Inner City Press (@innercitypress) <a href="https://twitter.com/innercitypress/status/1864038506550432133?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 3, 2024</a></p>
</blockquote>
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<p>As part of his plea deal, Mashinsky now faces a maximum prison sentence of 30 years. This means he could spend a long time in jail if the judge decides to give him the full sentence. However, Mashinsky confirmed that he knows about this possibility and understands the seriousness of the situation.</p>
<h5><strong>Sentencing Set for Mashinsky: A Warning for the Business World</strong></h5>
<p>The sentencing is scheduled for Tuesday, April 8, 2025, at 11:30 AM. This will be the day the judge decides how much time Mashinsky will spend behind bars. People are eager to see what will happen, as his case has been closely watched by the public and the crypto industry. The court will take into account how much harm was done to people who trusted Mashinsky and invested in Celsius.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Judge: Sentencing is Tuesday, April 8, 2025 at 11:30.<br> [If like and can, support: <a href="https://t.co/PJ2bKhEWJL" rel="noopener noreferrer nofollow">https://t.co/PJ2bKhEWJL</a><br> Venmo: [at] Matthew-Lee-675<br> books: <a href="https://t.co/m8YthGVC7f" rel="noopener noreferrer nofollow">https://t.co/m8YthGVC7f</a><br> w/ extras, like on X for Subscribers: <a href="https://t.co/nU0Q0PSY13" rel="noopener noreferrer nofollow">https://t.co/nU0Q0PSY13</a><br> w/ docs: <a href="https://t.co/mmos6LonY0" rel="noopener noreferrer nofollow">https://t.co/mmos6LonY0</a></p>
 <p>— Inner City Press (@innercitypress) <a href="https://twitter.com/innercitypress/status/1864051462721925137?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 3, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Mashinsky’s guilty plea is a warning to others in the business world. It shows that cheating or lying to customers can have serious consequences. It’s a good reminder that honesty is the best policy, and no one is above the law, no matter how powerful they seem.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/former-celsius-ceo-alex-mashinsky-pleads-guilty-to-fraud/" rel="noopener noreferrer nofollow">Former Celsius CEO Alex Mashinsky Pleads Guilty to Fraud</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Former Celsius CEO Alex Mashinsky Pleads Guilty to Fraud

Altcoin Buzz

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