In brief
- New York Attorney General Letitia James has permanently barred former Celsius CEO Alex Mashinsky from the securities, commodities and crypto industries.
- The settlement secures up to $35 million, payable only if Mashinsky fails to forfeit $10 million more or does not serve his full prison sentence.
- Mashinsky is serving 12 years in federal prison after pleading guilty to fraud, and has asked a court to vacate the sentence.
New York Attorney General Letitia James has permanently barred former Celsius Network CEO Alex Mashinsky from the securities, commodities and crypto industries, and secured up to $35 million from him, her office announced Friday.
The payments are conditional, with Mashinsky required to pay New York $25 million if he fails to forfeit a further $10 million in ill-gotten gains to the federal government under his plea agreement, and $10 million if he does not serve his full prison sentence.
