Celsius Network founder sentenced to 12 years in prison after prosecutor dubs him a predator who ‘preyed on hope’

Quick Summary:

Alexander Mashinsky, 59, was sentenced by U.S.District Judge John G.

Koeltl, who said a substantial term in prison was necessary for someone who engaged in "extremely serious” crimes.

She said the customers were not going to be made financially whole regardless of money that can be recovered through bankruptcy proceedings.

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Article Details

Author / Journalist: Larry Neumeister, The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: Cryptocurrency Prison Fraud Fraudsters Trial

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 08:45:16 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 523 words

Reading Time: 3 minutes read

Sentences: 5 lines

Sentence Length: 105 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28510504

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 12 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

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