Celsius's former CEO requests the judge to dismiss the charges of commodity fraud and market manipulation

2024-01-16 09:28:33

Collection

ChainCatcher news, according to Cointelegraph, former Celsius CEO Alex Mashinsky's lawyers have filed a motion in federal court requesting the judge to dismiss charges related to commodity fraud and market manipulation.

According to a document submitted on January 12 in the U.S. District Court for the Southern District of New York, Alex Mashinsky's legal team has filed a motion asking the court to dismiss two felony charges that the former Celsius CEO may face in the trial set for September 2024. The document states that the second charge of commodity fraud is "inconsistent" and "illogical" with the first charge of securities fraud regarding the government's handling of cryptocurrency.

Alex Mashinsky's lawyers also argued that the court should dismiss the sixth charge of market manipulation due to "lack of fair notice," claiming that the U.S. government has "created" a criminal charge for a civil violation.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.