Former Celsius CEO Mashinsky seeks dismissal of FTC case

Alex Mashinsky, founder and former CEO of now-bankrupt crypto lender Celsius, filed a brand new movement in courtroom searching for the dismissal of the US Federal Commerce Fee case towards him “in its entirety.”

The authorized counsel for the previous Celsius boss argued that the allegations towards their shopper don’t help the declare that he knowingly made a misstatement to “fraudulently acquire buyer info from a monetary establishment.” In keeping with the legal professionals, the accusations don’t meet the requirements for a declare underneath the Gramm-Leach-Bliley Act. This 1999 legislation requires knowingly making false claims to gather buyer info fraudulently from a monetary establishment.

Proceed Studying on Coin Telegraph