Federal Judge Freezes Bank Accounts and Properties of Former Celsius CEO Alex Mashinsky Following US Justice Department Motion
Summary:
Federal judge freezes bank accounts and properties linked to former Celsius CEO Alex Mashinsky following a motion from the US Justice Department. The assets include accounts at Goldman Sachs and Merrill Lynch under holding companies, as well as accounts at First Republic Securities, SoFi Bank, and SoFi Securities in Mashinsky's name. His Austin, Texas property, purchased in 2021 with his wife, is also included. The development of this story will be updated.
A federal judge has issued a ruling to freeze specific bank accounts and properties associated with former Celsius CEO, Alex Mashinsky, in response to a motion made by the United States Justice Department. As stated in a filing on September 5th within the U.S. District Court for the Southern District of New York, a judge has authorized the unsealing of a restraining order pertaining to Mashinsky's assets. The mentioned order resulted in the freezing of accounts under various holding companies at Goldman Sachs and Merrill Lynch, as well as accounts under Mashinsky's name at First Republic Securities, SoFi Bank, and SoFi Securities. Additionally, the order also encompasses Mashinsky's property in Austin, Texas, which he and his wife, Kristine, purchased in 2021. It is worth noting that the property had been listed for sale for over a year, approximately around the same time that Celsius filed for bankruptcy in July 2022. Readers should be aware that this is an ongoing story, and further updates will be provided as more details emerge.
Published At
9/6/2023 3:16:46 PM
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