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Dubai News Club > Tech > Celsius founder Alex Mashinsky sentenced to 12 years in prison
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Celsius founder Alex Mashinsky sentenced to 12 years in prison

Press Room
Last updated: 2025/05/08
Press Room
Published: May 8, 2025
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The DOJ charged Mashinsky with securities fraud in 2023, accusing him of misrepresenting Celsius’s business and finances. It also claimed Mashinsky artificially inflated the price of the platform’s token, CEL, by “spending hundreds of millions purchasing it on the open market.” Mashinsky pleaded guilty to one count of securities fraud and one count of commodities fraud last December.

“Alexander Mashinsky targeted retail investors with promises that he would keep their ‘digital…

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