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Mashinsky Settles FTC Case With $10M Payment and Permanent Promotion Ban
Alexander Mashinsky agreed to settle an FTC case with a $10 million payment tied to a broader $4.72 billion judgment that was mostly suspended. The order permanently bars the Celsius founder from promoting products or services used to deposit, exchange, invest or withdraw assets. The FTC can seek to revive the suspended balance if a court finds a material misstatement or omission in Mashinsky’s financial disclosures.