Filing: Vermont says Celsius CEO Alex Mashinsky repeatedly misled investors about the lender's finances and used its own CEL token to bolster its balance sheet (Nikhilesh De/CoinDesk)
Nikhilesh De / CoinDesk: Filing: Vermont says Celsius CEO Alex Mashinsky repeatedly misled investors about the lender's finances and used its own CEL token to bolster its balance sheet — The Vermont regulator also said the crypto lender's treatment of investors funds “suggests” it operated with a Ponzi-like structure.
![Filing: Vermont says Celsius CEO Alex Mashinsky repeatedly misled investors about the lender's finances and used its own CEL token to bolster its balance sheet (Nikhilesh De/CoinDesk)](https://www.coindesk.com/resizer/qrjmDC46uhpTyWrhHFXohf-Tc6Y=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/74QQSEGIERGVXM4UZOBZFC6JII.jpeg)
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Nikhilesh De / CoinDesk:
Filing: Vermont says Celsius CEO Alex Mashinsky repeatedly misled investors about the lender's finances and used its own CEL token to bolster its balance sheet — The Vermont regulator also said the crypto lender's treatment of investors funds “suggests” it operated with a Ponzi-like structure.