Celsius Network Is A Ponzi Scheme, Suggests Vermont Regulator; Slams CEO for ‘False’ Statements

The Vermont Department of Financial Regulation has outlined a variety of state concerns about unregistered securities offerings and fraud committed by the cryptocurrency firm Celsius Network , suggesting that the company is a Ponzi scheme. Statements made by Celsius CEO false and misleading A filing in the United States Bankruptcy Court of the Southern District of New York by the regulator slammed several statements made by Celsius CEO Alex Mashinsky and dubbed them as fraudulent and deceptive.