New York AG accuses Celsius ex-CEO Alex Mashinsky of defrauding hundreds of thousands of crypto traders in $20 billion collapse

New York AG accuses Celsius ex-CEO Alex Mashinsky of defrauding hundreds of thousands of crypto traders in billion collapse

Key Factors

New York legal professional common Letitia James promises that previous crypto CEO Alex Mashinsky defrauded thousands of investors, lying to them about the extent of losses at his now bankrupt crypto trade Celsius.
James seeks to bar Mashinsky from operating in the securities business or as an govt in New York condition, and to compel him to disgorge property.
The match was introduced under the Martin Act, which gives point out prosecutors popular authority to look into securities fraud and probably create a felony case.

Resource

Finance

When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says

June 7, 2025

FA Playbook When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says Published Sat, Jun 7 20256:15 AM EDT Greg Iacurci@GregIacurci WATCH LIVE Source

Finance

Stocks making the biggest moves midday: Petco Health, Tesla, Circle, Lululemon & more

June 6, 2025

Check out the companies making the biggest moves midday: Petco Health — The retailer slumped 22% after losing 4 cents per share in the fiscal first quarter, twice the 2-cent loss that analysts had estimated, based on FactSet data. Revenue of $1.49 billion missed the Street’s $1.50 billion consensus, while same-store sales dropped 1.3%, worse […]

Finance

Swiss government proposes tough new capital rules in major blow to UBS

June 6, 2025

Key Points The Swiss government proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital. The measures would also mean that UBS will need to fully capitalize its foreign units and carry out fewer share buybacks. The Swiss National Bank said it supported the measures […]