New York Attorney General Letitia James announced that a settlement has been reached regarding former Celsius CEO Alex Mashinsky's alleged fraud against investors, securing up to $35 million in conditional compensation and requiring him to permanently exit the securities, commodities, and cryptocurrency industries. Previously, the Federal Trade Commission (FTC) and the Commodity Futures Trading Commission (CFTC) had also imposed industry bans on Mashinsky. He is currently serving a 12-year prison sentence. Meanwhile, Celsius creditors have received over $3.4 billion through the company's bankruptcy proceedings.
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Former Celsius CEO Reaches Settlement with New York Attorney General: Faces Up to $35 Million in Compensation and Permanent Industry Ban
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