Alex Mashinsky Strikes Back
Former Celsius CEO Alex Mashinsky believes that New York Attorney General Letitia James is wrong.
Last week, Alex Mashinsky’s lawyers filed a motion against what they described as “baseless” fraud claims.
According to the motion, they stem from online misinformation.
The motion is a response to claims by New York Attorney General Letitia James that Mashinsky fooled his investors into believing that the company was financially well off.
Mashinsky states otherwise. His lawyers insist that the complaint “parrots misinformation online about Mashinsky and Celsius Network, LLC … borrows others’ baseless conclusions” and “demonstrates a fundamental misunderstanding of Celsius’s business, and Mashinsky’s role therein.”
The filed motion also underscores that the Celsius’s bankruptcy last July was because of “calamitous, external events”.
Meanwhile, judge James “cynically cherry-picks fragments of statements and sound bites” of YouTube videos made to reassure investors.
The complaint’s goal is for the court to dismiss the lawsuit. The probability of such a move, however, is low given high volumes of evidence that suggest that Mashinsky alongside others are guilty of wrongdoings.
Recently, the popular comic John Oliver devoted his episode of “Last week tonight” to Mashinsky’s doings. In particular, he pointed out Mashinsky's rather silly behavior and the fact that while “banks are not your friends”, it doesn’t mean that Mashinsky is any better. In fact he is “your enemy.”
Previously, Gagarin News told the story of Alex Mashinsky. Read it here.
