Alex Mashinsky, former chief executive officer of Celsius Network Ltd., leaves court in New York, US, on Thursday, July 13, 2023.
"He looks forward to vigorously defending himself in court against these baseless charges," Ohring added. Mashinsky's false portrayal of Celsius as a safe and secure institution caused its customer base to grow exponentially through a large number of retail investors, the indictment said. U.S. Attorney Damian Williams said the arrest of Mashinsky was further proof that his office will seek to hold responsible those who try to cheat ordinary investors.
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