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Crypto Scammer, Arrested!

Alex Mashinsky, CEO of crypto lender Celsius

By bluePublished 9 months ago 4 min read
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The mastermind behind the colossal scam, Celsius, Alex Mashinski, has finally been apprehended. It was only a few months ago that some of the victims spoke out about their experiences, revealing the shocking truth that this was a scam from the very beginning. The businesses that were supposedly supporting Celsius were nothing but a façade, a cleverly constructed web of lies and deceit. As more information comes to light, it becomes increasingly clear that this was a classic case of a scheme, an example of how greed and deception can ruin countless lives. But now, with the arrest of Mashinski, there is hope for justice and closure for those who have been wronged.

From the very inception of the company, they were hemorrhaging money, yet they had the audacity to brazenly lie to everyone's faces, assuring them that their investments were safe and sound. They even had the gall to encourage people to pour more money into their coffers, while simultaneously siphoning off funds for their own personal gain, all while the cameras were rolling. This CEO was no stranger to making grandiose claims on social media, podcasts, and their website, promising that if the company ever went belly up, all customers would be reimbursed in full. As the head honcho of the operation, one would naturally take them at their word, trusting that their hard-earned coins were secure. But now, as the truth comes to light, it's clear that this was nothing more than a scheme. The ringleader and their accomplices must face the music, and it seems that justice is finally being served as Alex Machinski faces the prospect of serious jail time.

The hammer of justice has fallen hard on Alex Machinski, as the DOJ, SCC, CFTC, and FTC have all unleashed their indictments against him. The repercussions are staggering - Celsius itself has been slapped with a whopping $4.7 billion fine, while Machinski himself faces a litany of criminal charges, including securities fraud, wire fraud, and market manipulation. The maximum sentence he could receive is a jaw-dropping 115 years, but it's likely that the actual sentence will be somewhat less severe. Nevertheless, given that Machinski is already 57 years old, there's a very real possibility that he could spend the rest of his days behind bars, all because of Celsius. And it's not just Machinski who's in hot water - Roni Cohen Pavon, the company's Chief Revenue Officer, is also facing criminal charges. It's hardly surprising, given that Celsius has been surreptitiously using customer deposits to buy its own worthless assets for years. The reckoning has finally arrived, and it's a bitter pill to swallow for all involved.

The tale of Cell Token is a sordid one, filled with deceit and greed. The price of this digital currency was manipulated by insiders, such as the infamous Alex Machinsky and Roni Cohen Pavon, who sold their tokens and became obscenely wealthy. Alex raked in a staggering $42 million, while his lawyer pocketed a cool $3.6 million. But how did they achieve such riches? By lying, of course. They lied to their customers repeatedly, covering up the fact that they were the main buyers and sellers of Cell Token. They lied about their ICO, claiming to have made $50 million. They lied about giving back 80% of their revenues to Celsius customers. They even lied about Alex not selling Cell Token. The truth was that they were bleeding cash and their business was insolvent. But they continued to deceive, luring in more unsuspecting investors while they cashed out. The report on this scandal mentions the word "false" a staggering 71 times. It's clear that Alex and his co-conspirators were willing to do whatever it took to get rich, even if it meant lying to their own customers.

The scheme was built on a foundation of false promises, luring in unsuspecting investors with the allure of unrealistic returns. And when the inevitable crash came, those behind the scheme made sure to protect their own interests, leaving the rest to suffer the consequences.

There was an investigator from Dirty Bubble media that has been calling out Celsius for months before anyone else knew they were insolvent. They were able to spot the fraud so early on. His name is James Block, and he writes for Dirty Bubble Media, a blog dedicated to exposing fraud in the cryptocurrency space. He had suspicions about Celsius from the very beginning. Within days of learning about the project, He could sense that something was off. And now, with this indictment, it's clear that his instincts were right. But this isn't just about pointing fingers and assigning blame. It's about learning from mistakes and taking steps to prevent this from happening again.

The history of its founder and CEO, Alex Machinski, it became apparent that he had made numerous grandiose claims regarding his past successes and the companies he had founded. However, it was discovered that these claims were either false or greatly exaggerated. It is a common observation that individuals who engage in such behavior tend to continue doing so. The recent indictments serve as a confirmation of what has been known for some time.

The victims are presently experiencing a semblance of justice as overt criminal acts are being duly recognized.

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About the Creator

blue

Just trying to earn a few bucks from writing stories.

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