In the first scheme, MASHINSKY misled Celsius’s customers about core aspects of the company he founded, including Celsius’s success and profitability and the nature of the investments Celsius made using customer funds. In the second scheme, MASHINSKY illicitly manipulated the price of CEL, Celsius’s proprietary crypto token, while he was secretly selling his own CEL token at artificially inflated prices.
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63 sats \ 1 reply \ @OgFOMK 13h
I was one of their customers. I got out before the nonsense thanks to some Twitter chatter. I had some friends on there, too and got them out.
My wife had bcash and we got her Bitcoin but totally ignored or forgot about the bcash. It's still there and it wasn't worth anything when I sent it to her but it increased in Fiat purchasing power or degraded Fiat. Has I paid more attention I would have exchanged it for Bitcoin. The shitcoin casino is awful and it's still in play every day.
Make no mistake there are plenty of yield trolls still around waiting to find more suckers.
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10 sats \ 0 replies \ @siggy47 OP 13h
I'm glad you were fortunate. Mashinsky was a pretty good con man. Lots of people fell for his bullshit who shouldn't have.
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58 sats \ 0 replies \ @JesseJames 13h
He will never serve the full sentence, that's why he plead, deals, deals, deals....
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16 sats \ 0 replies \ @siggy47 OP 13h
He probably won't do 30 years, but the federal system is much tougher than most states regarding plea bargaining. Back when guidelines were mandatory it was tough for anyone to get a break. It's a little easier now.
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64 sats \ 0 replies \ @grayruby 10h
Remember when Saifedean and Tone Vays ripped this guy a new one at some Blockchain conference and told everyone Celsius was a scam. The good old days.
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43 sats \ 0 replies \ @Manikese 12h
Thank you for the update. This asshole led to me losing half my stack. He can rot in prison for all I care.
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74 sats \ 1 reply \ @0xbitcoiner 14h
I only feel sorry for the innocent, in fact I don't know if I do!
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11 sats \ 0 replies \ @TNStacker 4h
First thing I learned in Finance?
Caveat emptor!
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