• Alex Mashinsky, former CEO of Celsius Network, was arrested on July 13 and charged with multiple counts of fraud.
• His lawyer Jonathan Ohring said that he “vehemently” denies all charges and intends to “vigorously” fight them in court.
• He was released on bail which was secured via his $40 million residence in Manhattan, New York.
Former Celsius Network CEO Arrested
On July 13, former Celsius Network CEO Alex Mashinsky was arrested after being charged with multiple counts of fraud. His lawyer Jonathan Ohring stated that his client “vehemently” denies all charges and intends to “vigorously” fight them in court.
$40 Million Bail Bond Secured
Mashinsky was released on a $40 million bail bond on the same day as his arrest. The bond was secured via Mashinsky’s $40 million residence in Manhattan, New York.
Evidence of Widespread Fraud Discovered
The arrest followed an investigation into the collapse of Celsius Network which uncovered evidence of what prosecutors claim to be widespread fraud.
Lawyer Vows to Fight Charges Vigorously
Mashinsky’s lawyer Jonathan Ohring reaffirmed that his client „vehemently“ denies all charges and intends to „vigorously“ fight them in court.
Conclusion
In conclusion, Alex Mashinsky has been released on a $40 million bail following his arrest for multiple counts of fraud after an investigation into the collapse of Celsius Network uncovered evidence for what prosecutors allege is widespread fraud. His lawyer has also vowed to fight these charges vigorously in court.