Alex Mashinsky, the founder and former CEO or in bankruptcy of the Celsius cryptographic loan platform, has criticized the request for sentence of 20 years “with poison”, a “death sentence in Prisbil” declared it.
The United States Department of Justice requested that Mashinsky receives at least 20 years of bars in the sentence of May 8 for its role in Celsius cheating users and benefiting from Celsius pricing (Cell) pricing manipulation, which would be 59 years.
The lawyers who act for Mashinsky argued in a response memorandum on May 5 presented in a New York District Court that is not exceeded no more than 366 days, because the Department of Justice does not have tasks in account of its history of criminals during the star schedule in business.
“Government’s poison submission reformulates this case as one that involves a predator with the intention of attacking the victims, damaging them and stealing their money,” they said.
“He concludes educating that a non -violent criminal for the first time that he declared himself guilty and accepts responsibility to receive a death sentence in prison.”
Mashinsky declared guilty of two out of seven positions
As part of a guilt, Mashinsky declared himself guilty in December 2024 of fraud of basic products and manipulating the price of the cell, obtaining $ 48 million when selling his holdings before Celsius collapsed in June 2022. Initially the prosecutors.
The action of the Mashinsky lawyer alleges the impulse of the Department of Justice for a 20 -year sentence is that his client is not willing to “capitulate the exaggerated characterizations of the government of his actions,” specifically that is “from the first moment.”
“Alex is inserted as the scapegoat for each corporate action, each group decision, each unanimous vote, every fluctuation of the market and the speculation of the water rise of each employee,” they said.
As part of his request for a judgment of April 28, the Department of Justice said that Mashinsky’s guilt declaration showed that deliberate were deliberate and calculated decisions to lie, deceive and steal.
Days before, on April 23, the United States federal prosecutors also presented statements from hundreds of victims who lost money due to Celsius’s collapse. They detailed how some had trusted their life savings to the protocol, believing Mashinsky’s guarantees that it was safe.
Related: What do cryptographic users do because it happens to Alex Mashinsky?
Celsius declared himself in bankruptcy of Chapter 11 on July 13, 2022, due to $ 4.7 billion to the creditors after stopping the withdrawals in June, citing volatile market conditions.
In November 2023, a United States bankruptcy court approved Celsius’s restructuring plan to pay customers, and in August 2024, $ 2.53 billion were paid to 251,000 creditors.
The former head of income of Celsius, Roni Cohen-Pavon, also declared himself guilty in September 2023 of similar positions, but his judgment of December 11 has been delayed until after Mashinsky is a sentence.
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