Comcast plans to spin off NBCUniversal and Sky into a separate publicly traded company, giving shareholders stock in both businesses. The planned tax-free separation is expected to be completed in about a year.
Posts tagged as “Alexander Mashinsky”
Alexander Mashinsky, the former CEO of Celsius Network, was arrested on Thursday on federal fraud charges. The Federal Trade Commission (FTC) alleged that Mashinsky misled customers about key aspects of the business and illegally manipulated the price of Celsius’s proprietary crypto token. The company agreed to pay a $4.7 billion settlement with government regulators, one of the largest in the FTC’s history, and the settlement highlights repeated deceptions by Celsius and Mashinsky. The indictment against Mashinsky is a sign that the government is taking a hard line against crypto-related fraud.