NEW YORK (AP) — The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he misled customers about the business. Alexander Mashinsky , 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud. He admitted illegally manipulating the price of Celsius’s proprietary crypto token while secretly selling his own tokens at inflated prices to pocket about $48 million before Celsius collapsed into bankruptcy in 2022. In court, he admitted that in 2021 he publicly suggested there was regulatory consent for the company's moves because he knew that customers “would find false comfort” with that. And he said that in 2019, he was selling the crypto tokens even though he told the public that he was not. He said he knew customers would draw false comfort from that too. “I accept full responsibility for my actions,” Mashinsky said of crimes that stretched from 2018 to 2022 as the company pitched itself to customers as a modern-day bank where they could safely deposit crypto assets and earn interest. U.S. Attorney Damian Williams said in a release that Mashinsky “orchestrated one of the biggest frauds in the crypto industry” as his company's assets purportedly grew to about $25 billion at its peak, making it one of the largest crypto platforms in the world. He said Mashinsky used catchy slogans like “Unbank Yourself” to entice prospective customers with a pledge that their money would be as safe in crypto accounts as money would be in a bank. Meanwhile, prosecutors said, Mashinsky and co-conspirators used customer deposits to fund market purchases of the Celsius token to prop up its value. Machinsky made tens of millions of dollars selling his own CEL tokens at artificially high prices, leaving his customers “holding the bag when the company went bankrupt,” Williams said. An indictment alleged that Mashinsky promoted Celsius through media interviews, his social media accounts and Celsius’ website, along with a weekly “Ask Mashinsky Anything” session broadcast that was posted to Celsius’ website and a YouTube channel. Celsius employees from multiple departments who noticed false and misleading statements in the sessions warned Mashinsky, but they were ignored, the indictment said. A plea agreement Mashinsky made with prosecutors calls for him to be sentenced to up to 30 years in prison and to forfeit over $48 million, which is the amount of money he allegedly made by selling his company's token. Sentencing was scheduled for April 8.
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VANCOUVER, British Columbia, Dec. 11, 2024 (GLOBE NEWSWIRE) — Lithium Americas (Argentina) Corp. (“ ” or the “ ”) ( ) ( ) today announced that it has filed its notice of meeting, management information circular (the “ ”), notice-and-access notification, form of proxy, voting instruction form and virtual meeting guide (collectively, the “ ”) in connection with its previously announced special meeting of shareholders on January 17, 2025 (the “ ”) to approve a redomiciling of the Company in Switzerland under the new name, Lithium Argentina AG, and ancillary matters. The move, which requires shareholder, stock exchange and court approval, is expected to occur in early 2025. The Meeting is scheduled to be held virtually at on Friday, January 17 at 10:00 a.m. (Pacific Time). Shareholders as of the close of business on December 3, 2024 (the “ ”), are entitled to vote at the Meeting. Shareholders are encouraged to access the Meeting Materials and vote electronically. The specific details of matters to be put before the Meeting are set forth in the Circular. The Meeting Materials have been posted in full, and are available for review via the internet without charge, on the Company’s website at , and under the Company’s SEDAR+ and EDGAR profile at and , respectively. Broadridge Financial Solutions, Inc. (“ ”), on behalf of the Company, has mailed the notice-and-access notification and voting instruction form to U.S. non-registered shareholders in accordance with its applicable procedures. In light of the ongoing postal strike and given the high demand for courier services, Broadridge has couriered the notice-and-access notification and voting instruction form to certain Canadian non-registered shareholders in accordance with its applicable procedures. Registered U.S. and Canadian shareholders will be mailed and couriered, respectively, the notice-and-access notification and form of proxy by the Company’s transfer agent, Computershare Investor Services Inc. (“ ”). This news release is being made in accordance with the interim order of the Supreme Court of British Columbia dated December 4, 2024 and constitutes valid delivery of the Meeting Materials in lieu of prepaid ordinary mail delivery of Meeting Materials due to the ongoing postal strike in Canada. In the event that the ongoing postal strike in Canada continues, registered shareholders are encouraged to contact Laurel Hill Advisory Group, the Company’s proxy solicitation agent, by telephone at 1-877-452-7184 (North American Toll Free) or 416-304-0211 (Collect Outside North America), or by email at to obtain and return their proxies in connection with the Meeting. Non-registered shareholders are encouraged to contact their brokers or intermediaries in order to obtain their control numbers and to make arrangements for the return of their voting instruction forms in connection with the Meeting. For details on how to vote at the Meeting, please see “ ” in the Circular. To vote via the internet or by phone: Voting occurs in advance of the Meeting by voting a proxy, or at the Meeting by attending online. How a shareholder votes will vary depending on whether they are a registered shareholder or a non-registered shareholder (beneficial shareholder). In all cases, the proxy must be received at least 48 hours (excluding Saturdays, Sundays and holidays) before the Meeting or the adjournment thereof at which the proxy is to be used. Lithium Argentina is an emerging producer of lithium carbonate for use primarily in lithium-ion batteries and electric vehicles. The Company, in partnership with Ganfeng Lithium Co, Ltd., is operating the Caucharí-Olaroz lithium brine operation in Argentina and advancing development of additional lithium resources in the region. Lithium Argentina currently trades on the TSX and on the NYSE. For further information contact: Investor Relations Telephone: +1 778-653-8092 Email: Kelly.obrien@lithium-argentina.com Website: www.lithium-argentina.com This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively referred to herein as “forward-looking information”). These statements relate to future events or the Company’s future performance. All statements, other than statements of historical fact, may be forward-looking information. Forward-looking information generally can be identified by the use of words such as “seek,” “anticipate,” “plan,” “continue,” “estimate,” “expect,” “may,” “will,” “project,” “predict,” “propose,” “potential,” “targeting,” “intend,” “could,” “might,” “should,” “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. In particular, this news release contains forward-looking information, including, without limitation, with respect to the following matters or the Company’s expectations relating to matters such as the intention to establish corporate domicile in Switzerland; the approval of the redomicile; the holding of a special meeting of shareholders; and the continued conduct of our business. Forward-looking information does not take into account the effect of transactions or other items announced or occurring after the statements are made. Forward-looking information contained in this news release is based upon a number of expectations and assumptions and is subject to a number of risks and uncertainties, including, but not limited to those related to: uncertainties with respect to obtaining all applicable shareholder, court and regulatory approvals or satisfying other requirements necessity or desirability of permitting or facilitating the completion of the transaction; the continued listing on the TSX and NYSE; being subject to satisfying all conditions prescribed by the exchanges; there being no guarantee that the redomiciling will procure the anticipated benefits nor that the expected impacts will materialize as expected; potential adverse tax consequences resulting from the transaction; discretion of the Company to implement the redomicile or not; risks associated with the Company being governed under a different corporate legal regime post continuation; change in the rights of shareholders as a result of the continuation; unforeseen events that could prevent, delay in or increase in cost of completing the continuation; uncertainties inherent to feasibility studies and mineral resource and reserve estimates; global financial markets, general economic conditions, competitive business environments, and other factors that may negatively impact the Company’s financial condition; the inability of the Company to secure sufficient additional financing to develop the Company’s mineral projects; and all the other risk factors identified herein and in the Company’s latest annual information form and in other continuous disclosure filings available on SEDAR+ and EDGAR. All forward-looking statements included in this press release are qualified by these cautionary statements. The forward-looking statements contained herein are made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Readers are cautioned that the actual results achieved will vary from the information provided herein and that such variations may be material. Consequently, there are no representations by the Company that actual results achieved will be the same in whole or in part as those set out in the forward-looking statements. This press release does not constitute a solicitation of any proxy nor the offering of any securities of the Company.The state of Florida experienced the highest amount of tourist money spent in 2023, an achievement Gov. Ron DeSantis (R-FL) touted on social media. A record-breaking $131 billion was spent by tourists visiting the Sunshine State last year, up by 5% from 2022. The governor took to Facebook to promote the newly confirmed statistics for Florida’s economy , joking that the state’s tourism flourished “despite ‘travel advisories’ issued by left-wing activist groups” on the state. “Florida can’t be beat,” DeSantis said . “I'm proud of this new record set for the state. Everyone loves the free state of Florida.” It’s official: Florida just broke the record, again. Last year, we had the highest visitation numbers in state history, and tourists spent a record $131 billion in Florida. That’s an increase of 5% over 2022—despite “travel advisories” issued by left-wing activist groups seeking... pic.twitter.com/lel0oGWZE1 — Ron DeSantis (@GovRonDeSantis) The governor’s knock against “travel advisories” came after the NAACP issued a travel notice for the state in May 2023 , in which the organization said Florida is “openly hostile toward African Americans, people of color and LGBTQ+ individuals.” Among more than $131 billion spent by tourists in Florida last year, over $116 billion came from domestic travelers within the United States while almost $15 billion came from international travelers. Additionally, tourism was responsible for 9.5% of jobs within Florida. CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER “The numbers speak for themselves: Florida’s tourism industry is unmatched,” Visit Florida President and CEO Dana Young said. “Thanks to the Governor’s leadership, our state has surpassed expectations year after year.” Earlier this year, it was confirmed that 140.6 million tourists visited the state of Florida in 2023 , almost 130 million of whom were domestic travelers. The remaining tourists were made up of 3.2 million who visited from Canada and 8.3 million who were international tourists.RAINN Named Winner of 2024-2025 Amazon Web Services IMAGINE Grant for Nonprofits
Ebonkoli 0-0 0-0 0, Diallo 1-1 0-0 2, Grady 4-7 5-9 16, Petty 7-15 2-4 18, Faas 3-7 0-2 7, Kopp 4-11 9-10 20, Ijeh 0-0 0-0 0, Nyeri 0-3 1-2 1, Hall 0-1 0-0 0, Ammons 0-0 0-0 0, Gob 0-0 1-2 1. Totals 19-45 18-29 65. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
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