- New York Attorney General Letitia James alleges Alex Mashinsky defrauded thousands of investors, lying to them about the extent of losses when he was CEO of now bankrupt crypto exchange Celsius.
- James seeks to bar Mashinsky from working in the securities industry or as an executive in New York state and to compel him to disgorge assets.
- The suit was brought under the Martin Act, which gives state prosecutors widespread authority to investigate securities fraud and potentially build a criminal case.
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