Celsius Founder Alex Mashinsky Faces 20-Year Sentence for Fraud

Celsius Founder Alex Mashinsky Faces 20-Year Sentence for Fraud.jpeg

Former Celsius Network CEO Alex Mashinsky is facing a potential 20-year prison sentence as the U.S. Department of Justice (DOJ) seeks severe penalties for his role in a massive fraud scheme that resulted in billions of dollars in losses for customers. Mashinsky, who pleaded guilty to charges of commodities fraud and price manipulation, will be sentenced on May 8, 2025.

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