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Alex Mashinsky, founder and former CEO of now-bankrupt crypto lender Celsius, filed a brand new movement in court docket looking for the dismissal of the USA Federal Commerce Fee case in opposition to him “in its entirety.”
The authorized counsel for the previous Celsius boss argued that the allegations in opposition to their consumer don’t assist the declare that he knowingly made a misstatement to “fraudulently receive buyer info from a monetary establishment.” In keeping with the legal professionals, the accusations don’t meet the requirements for a declare underneath the Gramm-Leach-Bliley Act. This 1999 regulation requires knowingly making false claims to gather buyer info fraudulently from a monetary establishment.
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