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Looking at the Claims Celsius Operated Like a Ponzi

July 12, 2022
in Business
Reading Time: 1min read
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Looking at the Claims Celsius Operated Like a Ponzi
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“Faced with a liquidity crisis, Celsius began to offer double-digit interest rates in order to lure new depositors, whose funds were used to repay earlier depositors and creditors. Thus, while Celsius continued to market itself as a transparent and well capitalized business, in reality, it had become a Ponzi scheme,” the suit alleges.

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