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.

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