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Showing posts with the label prison

Alex Mashinsky's prison listed as one of America's 'cushiest'

Celsius founder Alex Mashinsky will reportedly see out his 12-year prison sentence in a facility that was once described by Forbes as “Bernie Madoff’s desired retirement home.” The FCI Otisville facility, located in the State of New York, is divided into a minimum security camp and a medium security prison. Judge John Koeltl sentenced Mashinsky for fraud relating to the manipulation of Celsius’s token and recommended that he go to the FCI Otisville Camp. Otisville has previously been home to the likes of Donald Trump’s former lawyer, Michael Cohen, Fyre Festival creator, Billy McFarland, and Kenneth I. Starr, the former financial advisor to Al Pacino and Martin Scorsese. The facility was also listed as one of the top 10 cushiest prisons in America by Forbes in 2009, with the outlet noting that it’s often requested by Jewish convicts due to the facility’s access to a rabbi and kosher food. It’s even referenced in the hit show Succession as a “ Jewish prison .” ...

Former Bithumb Chairman faces eight-year imprisonment

According to prosecutors, Lee intended to revamp Bithumb’s governance to gain from exchange coins, circumventing financial regulations. Lee Jeong-hoon, the former chairman of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might be facing an eight -year prison sentence in the appeal whose verdict is scheduled for Jan. 18. According to Korean local media reports, prosecutors contend that Lee intended to revamp Bithumb’s governance to gain from exchange coins, circumventing financial regulations. They claim Lee knew about challenges in the BXA Coin listing but didn’t disclose it to Kim. Despite listing issues, Lee purportedly received payments without informing Kim about the decision not to list BXA Coin. The South Korean prosecutors requested an eight -year prison sentence for Lee Jung-hoon. Lee’s defense challenges these assertions, pointing out discrepancies in Kim’s statements and questioning his reliability. Lee insists on Ki...