Former Celsius CEO Alex Mashinsky Waives Bankruptcy Rights: Accountability or Empty Gesture in Crypto Fraud Case? A stunning turn in the Celsius Network saga has former CEO Alex Mashinsky waiving his rights to bankruptcy distributions, as filed with the U.S. Bankruptcy Court for the Southern District of New York. Alongside three related entities—AM Ventures Holdings […]
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Crypto Startup Founder Charged with $1 Million Fraud: A Warning to Investors Jeremy Jordan-Jones, the founder of the now-defunct crypto startup Amalgam, faces charges for allegedly defrauding investors out of over $1 million in a scheme that highlights the risks in the crypto space. Jeremy Jordan-Jones charged with defrauding investors of over $1 million. Amalgam […]
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SEC Uncovers $110M Crypto Scandal: Unicoin’s Asset-Backed Claims Fall Apart The U.S. Securities and Exchange Commission (SEC) has charged New York-based Unicoin and its executives with orchestrating a $110 million fraud, misleading over 5,000 investors. The case highlights the perils of false promises in the crypto world, particularly around asset-backed tokens. SEC charges Unicoin and […]
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Alex Mashinsky Receives 12-Year Sentence for Celsius Network Crypto Fraud Scandal – Mashinsky sentenced to 12 years for fraud – Celsius Network collapsed in June 2022 due to a $1 billion shortfall – Case highlights the need for crypto regulation Alex Mashinsky, the mastermind behind Celsius Network, has been handed a 12-year prison sentence for […]
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Celsius Network’s Alex Mashinsky Sentenced to 12 Years for Crypto Fraud Alex Mashinsky, the founder of Celsius Network, has been sentenced to 12 years in prison for defrauding investors, marking a significant moment in the crypto lending sector that led to over $7 billion in losses. Alex Mashinsky sentenced to 12 years for defrauding investors. […]
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Celsius Founder Mashinsky’s Defense Slams DOJ’s 20-Year Sentence Request as “Death-in-Prison” The legal battle surrounding Alex Mashinsky, the former CEO of Celsius Network, has intensified with his defense team strongly opposing the U.S. Department of Justice’s request for a 20-year prison sentence, labeling it a “death-in-prison sentence” for a non-violent, first-time offender. U.S. prosecutors seek […]
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Ben McKenzie’s New Documentary Exposes Crypto Fraud: ‘Everybody Is Lying to You for Money’ Premieres at SXSW London Can a Hollywood actor uncover the dark side of cryptocurrency? Ben McKenzie, known for his roles in “Gotham” and “The O.C.,” believes so. He’s directing a new documentary titled “Everybody Is Lying to You for Money,” which […]
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Celsius Network Founder Alex Mashinsky Faces 20-Year Sentence for Multi-Billion Dollar Crypto Fraud U.S. prosecutors are pushing for a 20-year prison sentence for Alex Mashinsky, the founder of Celsius Network, in a case that highlights one of the largest frauds in the cryptocurrency industry. This case serves as a stark reminder of the risks and […]
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SEC Charges Ramil Palafox in $198 Million Crypto Ponzi Scheme Scandal Investors beware: Ramil Palafox, the founder of PGI Global, has been charged by the U.S. Securities and Exchange Commission (SEC) for orchestrating a massive $198 million Ponzi scheme. This case serves as a harsh reminder of the potential for fraud within the crypto space, […]
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Illinois State Senator Mark Walker’s Crypto Fraud Bill Advances Illinois State Senator Mark Walker’s Digital Assets and Consumer Protection Act (Senate Bill 1797) has moved a step closer to becoming law after passing the Illinois Senate Executive Committee on April 4, 2025. This bill aims to protect consumers from digital asset fraud while fostering innovation […]
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