Celsius former CEO Mashinsky settles with New York State in up to $35 million deal

New York State Attorney General Letitia James has reached a settlement with former Celsius CEO Alex Mashinsky. In connection with allegations that he defrauded investors, Mashinsky faces a conditional penalty of up to $35 million and has been permanently barred from the securities, commodities, and cryptocurrency industries. The U.S. Federal Trade Commission (FTC) and the Commodity Futures Trading Commission (CFTC) had previously issued similar industry bans against him.