CFTC Charges Alexander Mashinsky and Celsius Network, LLC with Fraud and Material Misrepresentations in Massive Commodity Pool Scheme Involving Digital Asset Commodities Fraud

CFTC release 8749-23 · 2023-07-13 · view on cftc.gov ↗

Key facts

Release number: 8749-23
Release date: 2023-07-13
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8749-23

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.