Attorneys for Alex Mashinsky, the disgraced co-founder of crypto lending platform Celsius, are slamming the Division of Justice (DOJ)’s suggestion to maintain their shopper behind bars for the remainder of his life, as an alternative asking for a lenient one-year sentence.
In a brand new court filing, Mashinsky’s attorneys say that the federal government paints an unfair image that makes it seem to be he’s a monster somewhat than a first-time non-violent offender.
“The Courtroom ought to impose a sentence of not more than three hundred and sixty six days. The federal government’s venom-laced submission recasts this case as one involving a predator with an intent to ‘goal’ victims, ‘hurt’ them, and ‘steal’ their cash. It concludes by recommending {that a} first-time, non-violent offender who pled responsible and accepts duty obtain a death-in-prison sentence.”
The attorneys additional go on to notice that the DOJ is totally ignoring Mashinsky’s previous, which incorporates beginning many profitable companies in addition to serving for the Israeli military.
“There isn’t a acknowledgment of the accidents and losses he suffered as a member of the Israeli Protection Forces. There may be not even a passing nod to the companies he based over thirty years in closely regulated environments that introduced him success effectively earlier than Celsius, with nary a blemish on his file.
The federal government would have the Courtroom imagine that Alex was born at 59 years outdated, a fiend. Ignoring his background is unsurprising; it renders all of the extra absurd the notion {that a} man devoted to service all through his life out of the blue underwent a Jekyll-to-Hyde transformation.”
Mashinsky was arrested in July 2023 after being charged with violating securities legislation by the U.S. Securities and Trade Fee (SEC). In December 2024, he pleaded responsible to perpetrating a multi-billion-dollar crypto fraud and different market manipulation schemes.
On the time, the DOJ mentioned Mashinsky falsely represented Celsius as a secure and safe platform in addition to exaggerated its potential for profitability, enormously inflating its consumer base.
Observe us on X, Facebook and Telegram
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Test Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses you might incur are your duty. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in affiliate internet marketing.
Featured Picture: Shutterstock/ValDan22
