US Attorney Williams Announces Mashinsky Fraud Charges

US Attorney Williams Announces Mashinsky Fraud Charges

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the collapse of the crypto platform Celsius, which filed for bankruptcy after managing $25 billion in assets. An investigation revealed that Celsius' founder, Alex Mashinsky, and Chief Revenue Officer, Roni Cohen-Pavon, were involved in fraudulent schemes, including making false claims about the platform's safety and inflating the price of Celsius' token. Mashinsky allegedly sold his tokens secretly, profiting $42 million. A non-prosecution agreement with Celsius aims to recover funds for victims. The video emphasizes accountability for fraud, regardless of its form.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the total amount that Mashinsky allegedly benefited from by selling his own tokens?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the message conveyed regarding accountability for fraud in the context of this case?

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