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Charlie Javice, the millennial CEO of fintech start-up Frank, was found guilty of defrauding JPMorgan Chase of $175 million by inflating her company's customer base. Prosecutors revealed she falsely claimed 4.25 million users, while only 300,000 were verifiable. Facing a lengthy prison sentence, Javice and her co-conspirator Olivier Amar were indicted on multiple fraud charges, with her attorney arguing the prosecution's case was flawed.
Do Kwon, co-founder of Terraform Labs, faces a new money laundering conspiracy charge following his extradition from Montenegro. The indictment alleges he facilitated transactions exceeding $10,000, aware they were proceeds of unlawful activity. Kwon pleaded not guilty to all charges during his court appearance on January 2, 2024, and remains in detention as the possibility of a plea deal or trial looms.
Roni Cohen-Pavon's sentencing has been postponed following Alex Mashinsky's plea deal with prosecutors, with a new date set for April 18, 2025. Cohen-Pavon, who pleaded guilty to multiple felony charges, may provide information relevant to Mashinsky's sentencing, where he faces up to 30 years in prison. Both were indicted for misleading Celsius users and profiting from price manipulation amid the platform's bankruptcy.
Alex Mashinsky, founder of the bankrupt crypto lender Celsius, pleaded guilty to two counts of fraud, admitting to misleading customers about the use of their funds and manipulating a crypto token for personal gain. He faces a maximum sentence of 30 years in prison and has agreed to forfeit $48 million. Celsius, which once held $25 billion in assets, collapsed following the Terra Luna stablecoin failure, leading to a bankruptcy that trapped $4.7 billion of customer funds.
Damian Williams, the Manhattan US Attorney known for his role in overseeing Wall Street, will resign on December 13 after three years in office. His departure comes as Donald Trump prepares to return to the White House, with Deputy US Attorney Edward Kim set to take over temporarily.
Damian Williams
People
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millennial ceo charlie javice convicted of defrauding jpmorgan of 175 million
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23:01 28.03.2025
do kwon faces money laundering charge in superseding indictment after extradition
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22:56 02.01.2025
ex Celsius executive sentencing postponed after Mashinsky plea deal with prosecutors
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17:37 10.12.2024
Celsius Founder Alex Mashinsky Pleads Guilty to Fraud Facing 30 Years in Prison
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15:17 04.12.2024
Wall Street's top prosecutor resigns as Trump administration takes over
17:53 25.11.2024
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