The punishments of Alexander Mashinsky, the former head of Celsius imprisoned until his notorious collapse, continue with the formal ban on any possibility of seeking business with the United States Commodity Futures Trading Commission or the operations it oversees.
The derivatives regulator did not impose new fines on Mashinsky, who previously pleaded guilty to allegations that he misled the public about the health of his failed cryptocurrency company as it was imploding, but the agency added an expected registration and trading ban, according to a statement on Thursday. It is a small addition to the 12-year prison sentence imposed in his criminal case, in which he pleaded guilty to fraud, was fined $50,000 and ordered to repay $48 million.
The CFTC settlement, which “permanently restricted, prohibited and restrained” any commodity activity, was registered in the U.S. District Court for the Southern District of New York, according to the filing, and was approved by a judge on Thursday, the court filing shows.
