In the United States, former Celsius manager Alex Mashinsky has been reportedly tried for practices causing financial losses. In charges, Mashinsky’s market manipulation and deceptive statements are claimed to cause millions of dollars damage. Mashinsky, who accepts the charges, continues the case in line with his statements.
Court Process and Charges
According to the court files, Alex Mashinsky said that he made an affordable deception in commercial transactions. Allegedly, Mashinsky made false statements in order to artificially upgrade market prices. These actions are evaluated within the scope of commercial fraud and securities.
The prosecution, compared to similar white -collar crime in the incident, underlined the number of victims of the crime and the material damages caused by the crime. In the investigations, it was stated that Mashinsky’s behaviors damaged the financial order and that the deterrent punishment was necessary to ensure justice. It was reported that the crime may have significant consequences in terms of public order and transparency of financial transactions.
Government’s explanations
The US Department of Justice said he had proposed at least 20 years of imprisonment for Mashinsky. Explanations, the weight of the crime, the number of victims and the size of the damage were taken into consideration.
“Mashinsky has created serious financial and emotional damages in the life of hundreds of people through affordable misleading and exploitation. This shows the seriousness of the crime and reveals that a deterrent punishment is necessary for the place of justice to find the place of justice.” – US Department of Justice
Within the scope of Mashinsky’s confession, he reportedly committed the return of approximately $ 48 million as a result of criminal actions. It was emphasized that the acquired earnings were based on the sales of relevant token and the manipulative quality of the transactions. The incident contains serious claims that lead to shaking confidence in the financial field.
Criminal transactions and decisions
In the case of Mashinsky, it was learned that the penalty process will start on May 8th. In the process carried out in front of the court, the amount of punishment is expected to be determined by taking into account the social and economic effects of the crime. The proceedings are expected to have significant effects on the transparency of financial transactions. Probably, Alex, who will be sentenced, had fled all the authority of the analysts and investment consultants in the company, and had signed the money of their customers with high -risk transactions. If he receives a penalty, he can be sent to the same prison as the SBF, and fate unites them in prison.
Developments are carefully monitored in the sector in order to protect investor rights and to increase regulatory measures. This can be evaluated as a guide about the steps to be taken to prevent similar financial violations.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
