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Post: Prosecutors Reject Motion to Dismiss Charges Against Alex Mashinsky: Implications for Commodities Fraud Case

Prosecutors Reject Motion to Dismiss Charges Against Alex Mashinsky: Implications for Commodities Fraud Case

Key Points:

  • Former Celsius CEO, Alex Mashinsky, has had his motion to dismiss commodities fraud and market manipulation charges rejected by U.S. federal prosecutors.
  • Prosecutors argue that Mashinsky’s claims lack legal relevance and misinterpret the indictment and relevant case law.

Prosecutors Reject Motion to Dismiss Charges Against Alex Mashinsky

Former Celsius CEO, Alex Mashinsky, has been denied his motion to dismiss commodities fraud and market manipulation charges by U.S. federal prosecutors. Mashinsky had argued that the charges were inconsistent and lacked “fair notice,” and requested that information related to Celsius’ bankruptcy be struck from the indictment. However, prosecutors stated that Mashinsky misread the indictment and misinterpreted relevant case law, leading to the rejection of his motion.

Hot Take:

The rejection of Alex Mashinksy’s motion to dismiss the charges against him indicates that the court believes there is merit to the allegations of commodities fraud and market manipulation. This could have significant implications for Mashinsky’s legal proceedings and the potential consequences he may face if found guilty. It also serves as a reminder of the scrutiny and legal challenges that executives in the cryptocurrency industry may encounter.


Original article: https://cointelegraph.com/news/what-happened-in-crypto-on-the-weekend

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