Sanctions against Alexander Mashinsky, the former head of Celsius imprisoned until its high-profile collapse, continue with a formal ban on any ability to do business with the U.S. Commodity Futures Trading Commission or the trading exchanges 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 bankrupt crypto company as it imploded, but the agency added an expected registration and trading ban, according to a Thursday statement. It’s a minor addition to the 12-year prison sentence imposed in his criminal case, in which he pleaded guilty to fraud, was fined $50,000 and ordered to make restitution of $48 million.
The CFTC agreement, which “permanently restricted, enjoined and prohibited” any commodity activity, was filed in the U.S. District Court for the Southern District of New York, according to the filing, and was approved by a judge on Thursday, according to the court docket.
