Ex-Celsius CEO Mashinsky banned from commodities activity by U.S. CFTC

The Commodity Futures Trading Commission has permanently barred Alexander Mashinsky, the imprisoned former CEO of Celsius, from engaging in commodities activity or seeking business with the agency or the trading it oversees. The order, which "permanently restrained, enjoined and prohibited" him from any commodities activity, was recorded in the U.S.

District Court for the Southern District of New York and approved by a judge on Thursday. The CFTC did not impose new fines in the final resolution. Mashinsky had pleaded guilty in his criminal case, been sentenced to 12 years in prison, been fined $50,000 and ordered to return $48 million.

United States, Southern District of New York

alexander mashinsky, celsius, cftc, commodities activity, permanently barred, sdny, pleaded guilty, sentenced, 12 years, $48 million