Federal prosecutors said Mr. Mashinsky, 57, misled customers into believing that Celsius was a safe place to park their money, when in reality it was fraught with risks. He was also sued by the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Federal Trade Commission.
Mr. Mashinsky was arrested at his home in New York, a person close to the investigation said. The charges against him include wire fraud, commodities fraud and manipulation of securities prices. Prosecutors also filed charges against the company’s chief revenue officer, Roni Cohen-Pavon, accusing him of price manipulation and wire fraud, among other offenses.
‘Enforcement 40’ for 2020
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