FTC

Cohen-Pavon has a chance of leniency in sentencing depending on cooperation against Mashinsky

Mashinsky’s motion to dismiss follows a similar one from co-defendant Hanoch Goldstein

The Federal Trade Commission announced the settlement after the FTC, CFTC and SEC filed lawsuits against Celsius

The DOJ claimed Mashinsky “orchestrated a scheme to defraud customers of Celsius Network” together with a former chief revenue officer

The bankrupt crypto lender is weighing a new business model which executives say requires “absolute zero trust”

More than 46,000 people were affected, the FTC found, though the total is just 3.3% of the losses reported for phone scams last year
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