The sentencing of Alexander Mashinsky, the jailed former head of Celsius until its high-profile collapse, continues with a formal ban from any ability to seek business with the US Commodity Futures Trading Commission or the trade it oversees.
The derivatives regulator did not impose new fines on Mashinsky, who previously pleaded guilty to charges that he misled the public about the health of his failed crypto firm as it was about to implode, but the agency added an expected registration and trading ban, according to a Thursday statement. That’s a minor addition to the 12-year prison sentence handed down at his criminal trial, where he pleaded guilty to fraud, was hit with a $50,000 fine and ordered to pay back $48 million.
The CFTC’s order, which “permanently restrained, enjoined and prohibited” him from any commodity activity, has been filed in the US District Court for the Southern District of New York, according to the suit, and was approved by a judge on Thursday, the court document shows.
