The bankrupt Celsius Network faced a “ponzi scheme” investigation. The court launched a detailed investigation into the company’s operating model.
The Wall Street Journal (WSJ) reported that the court dealing with the Celsisus Network’s case a possible ponzi scheme It was stated that he started an investigation into his suspicion. The court appointed an auditor to investigate the incident in detail. The WSJ added that Celsius Network did not respond to the latest court-appointed investigation.
Attorney for the creditors committee Greg PesceHe added that although there are some reasons behind the investigation, they are still unsure whether “Celsius Network is a ponzi scheme.” However, the research process long term and costly is expected to happen.
On the other hand, the recent arrivals from the Celsius front and $3 million bonus to employees The offer to pay was rejected by the same bankruptcy judge. Judge Martin Glennagainst the bankrupt lender’s plan to distribute bonuses while withholding information from the public.is shocked” told. Judge, this move “totally unacceptable” he described.
Celsius’s application to keep his employees and to prevent a possible “brain drain” was not accepted by the court. Celsius, allegedly, since its bankruptcy lost 102 employees.
Celsius july 13 announced that they had reached the point of no return financially and started the bankruptcy process.