Department of Justice: Founder Of Celsius Sentenced To 12 Years For Fraud And Market Manipulation | ResearchBuzz: Firehose

GPB Capital Founder receives seven-year sentence for Ponzi-like fraud - Private Equity Wire

David Gentile, Founder and former CEO of GPB Capital Holdings, has been sentenced to seven years in federal prison following his conviction for orchestrating a Ponzi-like fraud scheme that imperilled nearly $1.6bn in investor capital, according to a report by Bloomberg. The sentence was handed down by US District Judge Rachel P Kovner in Brooklyn, New York, following an eight-week trial that also resulted in a six-year prison term for co-defenda…

Department of Justice: Founder Of Celsius Sentenced To 12 Years For Fraud And Market Manipulation | ResearchBuzz: Firehose

Department of Justice: Founder Of Celsius Sentenced To 12 Years For Fraud And Market Manipulation. “Jay Clayton, the United States Attorney for the Southern District of New York, announced today that ALEXANDER MASHINSKY, the founder and former Chief Executive Officer of Celsius Network LLC and their affiliated entities (collectively, ‘Celsius’), was sentenced to 12 years for committing commodities fraud and securities fraud at Celsius.”The post …