Today New York Attorney General (NYAG) Letitia James filed a lawsuit against Alex Mashinsky, the former CEO of Celsius Network, the bankrupt cryptocurrency lender. It alleges that Mashinsky repeatedly made false and misleading statements regarding Celsius’s financial position, resulting in New York residents investing money with the company and ultimately incurring losses.
It also states that he failed to register as a securities and commodities dealer.
“As the former CEO of Celsius, Alex Mashinsky promised to lead investors to financial freedom but led them down a path of financial ruin,” said Attorney General James. “The law is clear that making false and unsubstantiated promises and misleading investors is illegal.”
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