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Arkansas Resident Launches Damning Class-Action Lawsuit Against Celsius

Arkansas resident Taylor Goines has filed a class-action lawsuit against Celsius for selling unregistered securities, likening the crypto lender’s operations to a Ponzi scheme. The filing was initially made public by John Reed Stark. He runs John Reed Stark Consulting, which helps firms in the fintech space with SEC and FINRA compliance. Goines is the plaintiff representing all members of the…

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#Business #Celsius Bankrupt #Celsius CEO #SEC #Securities Act

Celsius Files for Chapter 11 Bankruptcy, Brings In New Directors

Celsius Network announced that it had filed for Chapter 11 bankruptcy. The company hopes to correct its situation and emerge stronger and has taken a few other steps to help the process as well. Celsius Network has officially filed for Chapter 11 bankruptcy, the company announced on July 14. The development has been a long time coming, after several struggles to keep the company going following…

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#Celsius Bankrupt #Celsius CEO #Celsius Network #Celsius News #Markets

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