The US Federal Court of the Southern Region of New York has been sentenced to former CEO Alex Machinski for 12 years in prison for fraud.
The legal team Mashinsky sought a light punishment. They highlighted his bright record before the Celsius incident, as well as his military service and his desire to acknowledge guilt. But the prosecutors were less inclined to leniency, I suggested on April 28 The judge offers a 20 -year prison sentence for his actions.
The betting markets expected a slight penalty before the May 8 session. Polymarket only showed 11 % of the possibilities for 20 years or higher.
President Donald Trump began His second term With a prominent amnesty of encryption executives, indicating that his administration may bring tolerance to encryption conditions such as Mashinsky. Judgment today, however, is suggested otherwise.
Doj for Trump wants to be the Mashinsky penalty as a warning
Crosses related to encryption have their limits, according to the current US Department of Justice. Jay Clayton, pre -American lawyer, who leads this claim, said on April 28 that the proposed sentence for 20 years is a “critical warning to other project owners, executives, and promoters in the encrypted currency industry, and in any future industry that was not eligible: fraud will be punished alike, and given the technology or industry in which it occurs.”
Cleiton argued that there was justification for a strong sentence because fraud targeted the non -advanced retail investors instead of institutional parties with protection and experience. Machinsky “Faris on ordinary individuals who relied on his promises of safety and financial security.”
The Machinsky Defense team drew attention to the character of Machinski, where he highlighted his long career in business, dedication to the family and service with the Israeli defense forces.
His lawyers also distinguish between the Machinski and the texture case, claiming, “There are no allegations-not to mention any evidence that Alex is embezzled, difference or stolen any client assets or any money from the money.”
On May 5, the legal Mashinsky team argued that these reduced factors should call for no more than 366 days.
His team said: “The excessive submission of poison in the government re -drafs this issue as a predatory case with the intention of targeting the victims, harming them and stealing their money.”
Mashinski’s lawyers called on the proposed period for 20 years to “the death penalty in prison.”
Follow the high -level Mashinsky Pardon for Crypto Execs
Trump started his term with an amnesty for the founder of Silk Road 2.0 Ross Olbrech, who accepted Bitcoin (BTCOn his favorite drug trading platform to the encryption community.
The President also reduced the provisions of Arthur Hayes, Benjamin Dello and Samuel Reed, and three of the CEOs to exchange encryption in Pitx who acknowledged that they were guilty of violating the banking confidentiality law and their failure to create a suitable program to combat money laundering.
Sam Mangel, a consultant for white collars who advised the former Trump employee Steve Bannon and the fried Benkan, He said Politico there was a significant high interest in presidential pardon.
“Everyone in prison now is fully aware of the environment, and it has become a very hot topic in low and minimum prisoners.”
Related to: The American Stablecoin Bill loses Democrats amid the concerns of corruption Trump
It seems that high -level defendants have noticed it too. Roger Fair, an early preacher of Bitcoin and the liberation activist, faces federal tax evasion fees. In January, he released a video of Trump’s explicit appeal to alleviate. Ver He claimed that he is a victim of Lawfare He likened his persecution to Trump’s legal problems after the January 6 scandal.
https://www.youtube.com/watch?
Sam Bankan Farid, former CEO of the Stock Exchange, FTX, His experience in court likened to Trump A defamation suit in an interview with New York Sun on February 18. He claimed that his trial was politicized under the Biden administration and that he did not believe that there is a “fair and balanced and balanced approach or approach.” And according to what his parents stated He met with lawyers and people close to the Trump administration To explore the possibility of presidential pardon.
Even Trump’s mitigation of Bitmex CEOs led the former CEO of Binance Changpeng Zhao to apply for the Condition. On May 6, Zhao He said that his lawyers had submitted a request They were waiting for the response.
The current administration still writes the road rules with the amendment of organizers from employees, priorities and new legal frameworks for encryption. The image has been more disturbed by Trump’s encryption projects, which have Fears of corruption and conflicts raised From attention. Machinski’s phrase shows that for the financial world, some crimes will not pass.
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