Coinmicroscope Advertising

JPMorgan’s new crypto policy head was at bankrupt Ponzi Celsius

JPMorgan’s new crypto policy head was at bankrupt Ponzi Celsius

JPMorgan has hired Aaron Iovine, most recently head of policy and regulatory affairs at bankrupt crypto lender and likely Ponzi scheme, Celsius Networks, as the new executive director for digital asset regulatory policy. 

Jamie Dimon, CEO of JPMorgan, who previously referred to cryptocurrencies as “decentralized pyramid schemes,” clearly recognized that the company would benefit from someone with more experience of how pyramid schemes interact with regulations, so hired an expert with experience.

During his time at Celsius, Iovine has demonstrated his ability to work with regulators on the numerous state and federal investigations the company has faced and helped oversee the bankruptcy filing. According to Celsius’s most recent Unsecured Creditors Committee filing: It appears to be the subject of enforcement proceedings or investigations in at least 40 states, in addition to investigations or investigations in which the federal government is a party.

During his time at Celsius, Iovine has demonstrated his ability to work with regulators on the numerous state and federal investigations the company has faced and helped oversee the bankruptcy filing. According to Celsius’s most recent Unsecured Creditors Committee filing: It appears to be the subject of enforcement proceedings or investigations in at least 40 states, in addition to investigations or investigations in which the federal government is a party.

Celsius is struggling with bankruptcy as its Kelvin project appears to be a total failure and costly bankruptcy proceedings slowly drain its coffers.

Share to Social Media

Share on facebook
Share on telegram
Share on twitter
Share on linkedin
Share on pinterest
Share on reddit
Share on whatsapp

Recent News

Hot stories

Promotion

Join Our Newsletter