Cryptocurrency lending firm Celsius Network is trying to bring its former Chief Financial Officer, Rod Bolger, to help it with bankruptcy proceedings as an advisor.
According to a motion, which was filed in the US Bankruptcy Court for the Southern District of New Yor Celsius' request will be considered remotely using Zoom on August 8. Bolger if and when his candidacy is approved will be hired for at least six weeks and will be paid $93,188 a month.
Bolger left Celsius in June this year. He joined the troubled company after previous CFO, Yaron Shalem, was arrested in Tel Aviv over fraud charges. Before joining Celsius, Bolger worked at RBC, Bank of America and Citi.
The move comes after US law firm Bragar Eagel & Squire, P.C. filed a class action lawsuit in New Jersey County Court against Celsius Network. The attorneys claim Celsis and its top management violated provisions of the Exchange Act and misled investors about "their financial products."
