The punishments of Alexander Mashinsky, the imprisoned former police chief Celsius until its resounding collapse, continue with a formal banishment of any ability to seek business with the U.S. Commodity Futures Trading Commission or the operations it oversees.
The derivatives regulator did not impose new fines on Mashinsky, who previously pleaded guilty to allegations that he misled the public about the health of his failed cryptocurrency company as it was imploding, but the agency added an expected registration and trading ban, according to a statement Thursday. This is a minor addition to the 12-year prison sentence. tax in your criminal casein which he pleaded guilty to fraud, was fined $50,000 and ordered to repay $48 million.
The CFTC settlement, which “permanently restricted, prohibited and restrained” any commodity activity, was registered in the U.S. District Court for the Southern District of New York, according to the filing, and was approved by a judge on Thursday, the court filing shows.
