Tag: KERP

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Judge orders probe to investigate whether Celsius was a Ponzi

The Federal judge overseeing the Celsius case has asked for an investigation to look into whether the firm acted like a Ponzi scheme. The judge overseeing the Celsius bankruptcy case has ordered the examiner and the official committee of Celsius creditors to determine who will head a probe into whether the firm was operating like…
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Celsius bankruptcy case Trustee slams $3M employee bonus motion

The Trustee has objected to the retention bonus, citing a lack of sufficient information within the motion to warrant such a high payout and a lack of clarity around whether any recipients should be considered insiders. The United States Trustee overseeing the Celsius Chapter 11 bankruptcy case, William Harrington, has objected to a Celsius motion…
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