Former Celsius CEO Alex Mashinsky Faces Life Sentence Call

The cries for justice are growing against former Celsius CEO, Alex Mashinsky, after pleading guilty to fraud.

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French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four French banks and one international [...]

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FTX Founder's Lawyers Consider Delaying Criminal Trial

Lawyers representing FTX founder Sam Bankman-Fried have hinted that they may need to delay his criminal trial due to a lack of evidence from the Department of Justice (DOJ). The trial, which is scheduled to begin on October 2, will focus on fraud charges against Bankman-Fried. His lawyers have stated that they are still waiting for a "substantial portion" of evidence to be handed over to them, including evidence from devices belonging to former FTX employees who have pleaded guilty to fraud charges. (Read More)

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Daring drive-by at SBF’s: 3 men drove into barricade and fled: Lawyers

The lawyers didn’t specify the date or time when the incident took place, and claimed that security personnel was unable to get the license plate details.

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Celsius Founder Alex Mashinsky’s Bail Set at $40 Million, Travel Restricted Amid Fraud Charges

Just before the now-defunct crypto lender Celsius was charged by three U.S. federal regulators — the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and Federal Trade Commission (FTC) — its former CEO, Alexander Mashinsky, was arrested on fraud charges Thursday. A U.S. judge has set Mashinsky’s bail at $40 million and restricted [...]

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Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million

According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176 million) worth of assets have

The post Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million appeared first on BTC Ethereum Crypto Currency Blog.

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South Korean Court Denies Arrest Warrant for Terraform Labs Co-Founder

A South Korean court denied a request for an arrest warrant for Terraform Labs co-founder, Shin Hyun-Seong, citing unconfirmed allegations and the unlikelihood of Shin being a flight risk. Shin currently faces multiple fraud charges and is accused of hiding risks associated with investing in Terraform Labs' in-house tokens. The recent arrest of Terraform Labs' other co-founder, Do Kwon, has led to extradition requests from both the United States and South Korea. (Read More)

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