Unsealed Order: Alex Mashinsky's Bank Accounts and Texas House Seized by US Court
Recent Court Documents Reveal Asset Seizure from Former Celsius CEO, Alex Mashinksy
Recent Court Order Reveals Seizure of Bank Accounts and Texas Home of Alex Mashinksy, Former CEO of Celsius
An unsealed court order discloses that the Department of Justice (DOJ) has seized several bank accounts and a residence in Texas owned by Alex Mashinksy, as part of its ongoing criminal case against Celsius. The court order, dated August 16th but unsealed on August 31st to prevent third-party interference, freezes Mashinksy's accounts with institutions such as Goldman Sachs, Merrill Lynch, First Republic, and SoFi, along with a property in Austin, Texas, purchased in July 2021.
Mashinksy and Celsius' Chief Revenue Officer, Roni Cohen-Pavon, were arrested and charged with multiple counts of fraud in July. They were accused of misleading customers by presenting Celsius as a "modern-day bank" offering interest on deposited digital assets while allegedly engaging in risky, leveraged trades with customer funds. Additionally, the defendants are accused of manipulating the price of CEL, benefiting financially from inflated prices. Charges include wire fraud, securities fraud, commodities fraud, and market manipulation, with potential lengthy prison sentences if convicted.
Sep 07, 2023
