Celsius Founder Fights Fraud Charges, Faces 115-Year Sentence
- Alex Mashinsky, former CEO of Celsius, seeks testimonies from six ex-employees in his fraud case.
- Mashinsky faces a potential 115-year prison sentence for allegedly defrauding customers and manipulating CEL token prices.
- Celsius declared bankruptcy in 2022 and is under SEC investigation for fraudulent activities.
Celsius founder and former CEO Alex Mashinsky is seeking testimonies from six former employees in his legal fight against fraud charges. These charges carry a potential 115-year prison sentence for allegedly defrauding customers and misleading them about Celsius Network’s financial health.
Defense Strategy and Key Witnesses
Mashinsky’s legal team is requesting the testimonies of key figures, including the former CFO and CRO. Notably, some potential witnesses, like Roni Cohen-Pavon, the former CRO, have already faced charges related to the case. Cohen-Pavon allegedly ignored Mashinsky’s instructions regarding CEL token transactions and pleaded guilty to his charges last year.
According to the memorandum, the defense argues that Mashinsky did not intend to harm anyone, claiming he relied on information provided by his experienced team. “As the …
The post Celsius Founder Fights Fraud Charges, Faces 115-Year Sentence appeared first on Coin Edition.
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Celsius Founder Fights Fraud Charges, Faces 115-Year Sentence
- Alex Mashinsky, former CEO of Celsius, seeks testimonies from six ex-employees in his fraud case.
- Mashinsky faces a potential 115-year prison sentence for allegedly defrauding customers and manipulating CEL token prices.
- Celsius declared bankruptcy in 2022 and is under SEC investigation for fraudulent activities.
Celsius founder and former CEO Alex Mashinsky is seeking testimonies from six former employees in his legal fight against fraud charges. These charges carry a potential 115-year prison sentence for allegedly defrauding customers and misleading them about Celsius Network’s financial health.
Defense Strategy and Key Witnesses
Mashinsky’s legal team is requesting the testimonies of key figures, including the former CFO and CRO. Notably, some potential witnesses, like Roni Cohen-Pavon, the former CRO, have already faced charges related to the case. Cohen-Pavon allegedly ignored Mashinsky’s instructions regarding CEL token transactions and pleaded guilty to his charges last year.
According to the memorandum, the defense argues that Mashinsky did not intend to harm anyone, claiming he relied on information provided by his experienced team. “As the …
The post Celsius Founder Fights Fraud Charges, Faces 115-Year Sentence appeared first on Coin Edition.
Read More
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