simondixontwitt on Nostr: So here is why Alex Mashinsky is toxic to genuine $CEL victims in #Celsius Chapter ...
So here is why Alex Mashinsky is toxic to genuine $CEL victims in #Celsius Chapter 11.
$CEL token will likely be valued at zero & subordinated as it was a buy & burn security if it goes to litigation according to both #Celsius & @CelsiusUcc.
Alex Mashinsky’s personal defence is to ensure $CEL is not a security even though when selling it he filed a form D to declare it as a security to the #SEC. Remember his defence states that all his lies were #Puffery & you should never have believed him & that all the #Celsius yield was fake so he claims he never sold unregistered securities.
@CelsiusUcc have offered $0.20 to settle with $CEL victims as 90% of OTC sales were insiders stealing value from their customers to enrich themselves using $CEL.
Alex Mashinsky wants to ensure $CEL is not a security in Chapter 11 to keep himself out of prison. Period.
This would most likely lead to $CEL being litigated then valued at $0 & subordinated based upon the opinion of #Celsius & #UCC. Not legal advice.
He won’t care that victims get $0 to try & keep himself out of prison.
Alex Mashinsky is still scamming you if you bought $CEL where your funds were used to enrich insiders personally at the expense of creditors. But in bankruptcy securities are subordinated just like equity according to @CelsiusUcc.
Don’t say that I didn’t warn you of the game he’s playing.
I tried to prevent this for genuine victims of $CEL in the @BankToTheFuture plan, but those supporting Alex Mashindky fought against it costing genuine victims a higher recovery. So be it. 🍋🐈⬛
I hope everybody understands the game now & realises that if he can, Alex Mashinsky will happily take your entire recovery to try & keep himself out of prison & other people defending his reputation are happy to do his dirty work at the expense of victims whether they know it or not.
cases.stretto.com/public/x19…
https://cases.stretto.com/public/x191/11749/PLEADINGS/1174906212380000000163.pdf
$CEL token will likely be valued at zero & subordinated as it was a buy & burn security if it goes to litigation according to both #Celsius & @CelsiusUcc.
Alex Mashinsky’s personal defence is to ensure $CEL is not a security even though when selling it he filed a form D to declare it as a security to the #SEC. Remember his defence states that all his lies were #Puffery & you should never have believed him & that all the #Celsius yield was fake so he claims he never sold unregistered securities.
@CelsiusUcc have offered $0.20 to settle with $CEL victims as 90% of OTC sales were insiders stealing value from their customers to enrich themselves using $CEL.
Alex Mashinsky wants to ensure $CEL is not a security in Chapter 11 to keep himself out of prison. Period.
This would most likely lead to $CEL being litigated then valued at $0 & subordinated based upon the opinion of #Celsius & #UCC. Not legal advice.
He won’t care that victims get $0 to try & keep himself out of prison.
Alex Mashinsky is still scamming you if you bought $CEL where your funds were used to enrich insiders personally at the expense of creditors. But in bankruptcy securities are subordinated just like equity according to @CelsiusUcc.
Don’t say that I didn’t warn you of the game he’s playing.
I tried to prevent this for genuine victims of $CEL in the @BankToTheFuture plan, but those supporting Alex Mashindky fought against it costing genuine victims a higher recovery. So be it. 🍋🐈⬛
I hope everybody understands the game now & realises that if he can, Alex Mashinsky will happily take your entire recovery to try & keep himself out of prison & other people defending his reputation are happy to do his dirty work at the expense of victims whether they know it or not.
cases.stretto.com/public/x19…
https://cases.stretto.com/public/x191/11749/PLEADINGS/1174906212380000000163.pdf