Categories: Business and Politics

Court Order Unsealed in Lawsuits Against Celsius Network and Alex Mashinsky

A court order in the lawsuits filed against Celsius Network and its former CEO, Alex Mashinsky, has been unsealed. The order was initially kept confidential due to concerns of potential asset depletion. In July, the U.S. Securities and Exchange Commission (SEC), Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC), and Federal Trade Commission (FTC) all filed lawsuits against Celsius Network and Alex Mashinsky.

Previously, a federal judge granted a joint request from Mashinsky’s legal team and the DOJ to modify his bail conditions. The new conditions include electronic monitoring, and Mashinsky is now restricted from withdrawing, transferring, or receiving more than $10,000 without prior court approval. This modification eliminates the need to rely on his First Republic account for bond collateral.

Alex Mashinsky, who served as CEO of Celsius Network until September 2022, is facing charges of securities fraud, commodities fraud, and wire fraud. He is accused of misleading and defrauding users.

Following his arrest on July 13, Mashinsky pleaded not guilty to all charges but was subject to significant travel restrictions as part of his bail conditions.

Author: CrimeDoor


Published by

Recent Posts

Chowchilla School Bus Kidnapping of 1976: A Comprehensive Look into the Shocking Crime

 On the sunny afternoon of July 15, 1976, in the tranquil town of Chowchilla, California,…

15 hours ago

Actor Jonathan Majors’ Abuse Trial Begins, Ex-Girlfriend Testifies

Actor Jonathan Majors' trial over alleged abuse towards his former partner, Grace Jabbari, commenced on…

17 hours ago

Two Bodies Found in San Antonio Home, Suspect in Custody

Two bodies were discovered inside a home in East Bear County, San Antonio. The incident…

17 hours ago

United States Sets New Record for Mass Shootings in a Year

The United States has reached a somber milestone with the highest number of recorded mass…

1 day ago

From Booze to Bloodshed: The Prohibition Era’s Impact on the Criminal Underworld

The Prohibition era, stretching from 1920 to 1933, remains an unmistakably distinctive chapter in American…

2 days ago

The Horror Remains 20 Years Later: Memories of Dean Corll (Candy Man) Haunt Survivors

  Twenty years have passed, yet the shadows cast by the chilling crimes of Dean…

2 days ago