Former Celsius Network Ltd. Chief Executive Officer Alex Mashinsky lost his bid to strike two counts of his indictment alleging he artificially inflated the price of his company’s cryptocurrency.
US District Judge John G. Koeltl said in a ruling Nov. 8 that Mashinsky’s attorneys’ arguments against the charges are “either moot or without merit.”
Mashinsky’s attorneys with Mukasey Young LLP had pushed to dismiss a charge that he had violated the Commodity Exchange Act, arguing it couldn’t stand because he was also charged with violating the Securities Exchange Act of 1934 for effectively the same conduct. Koeltl, who sits on ...
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