Celsius was a Ponzi scheme, Vermont watchdog says
The Vermont securities regulator has filed a motion in support of appointing an independent examiner in which it tore into Alex Mashinsky’s model at Celsius.
The Vermont securities regulator has filed a motion in support of appointing an independent examiner in which it tore into Alex Mashinsky’s model at Celsius.
The Vermont watchdog also accused Celsius of offering unregistered securities even as a new FT report shows that Celsius openly gambled with investor money.
The regulators filed a mix of show cause and cease and desist orders against Voyager, which replied by saying that its products haven’t violated securities laws.
Vermont is looking into what actions to take as a response to the growing blockchain industry in the state.