Home » News » The Founder and Ex-CEO of Celsius Network Arrested in New York Amidst Fraud Charges and Controversy

The Founder and Ex-CEO of Celsius Network Arrested in New York Amidst Fraud Charges and Controversy

The founder and ex-CEO of the controversial bankrupt cryptocurrency firm Celsius Network, in which the Caisse de depot has invested 200 million dollars, was arrested Thursday morning in New York, reports the agency Reuters.

In total, the ex-partner of the Caisse, Alex Mashinsky, 57, faces seven criminal charges, including several of fraud.

His ex-chief financial officer, Roni Cohen-Pavon, faces four counts.

In recent years, the disputes of Celsius have caused a lot of ink to flow. His ex-chief financial officer was arrested by Israeli police et Ponzi fraud charges have repeatedly splashed the crypto firm associated with the woolen stockings of Quebecers.

200 million lost

One year ago, the CEO of the Caisse de depot et placement du Québec (CQCD) had made his mea culpa in the file.

“We decided to take it (delisting) right away as a precaution,” he said.

Last year, The newspaper revealed that a Caisse de depot vice-president, Thomas Birch, once ran a company in which Celsius CEO Alex Mashinsky had invested.

“There was no real or apparent conflict of interest and the process of analyzing the file followed its normal course”, had then assured the Journal Kate Monfette, Caisse spokesperson.

Further details will follow.

2023-07-13 14:20:44
#Celsius #founder #Alex #Mashinsky #arrested #York

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