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Former Celsius CEO Alex Mashinsky Seeks Witness Testimony in Fraud Trial
Summary: Former Celsius CEO Alex Mashinsky, facing up to 115 years in prison, is seeking testimony from six former employees in his criminal trial. His lawyers have asked a New York court to allow key former executives, including the CFO and Chief Revenue Officer, to testify. Mashinsky, arrested last year for allegedly defrauding customers and manipulating ...
Former Celsius CEO Alex Mashinsky, facing up to 115 years in prison, is seeking testimony from six former employees in his criminal trial. His lawyers have asked a New York court to allow key former executives, including the CFO and Chief Revenue Officer, to testify. Mashinsky, arrested last year for allegedly defrauding customers and manipulating the price of Celsius' CEL token, claims he relied on information from his team and did not intend to mislead anyone.
His defense argues that key decisions, including those about CEL token sales, were made without Mashinsky's knowledge. They also highlight that company lawyers reviewed public statements before they were released, showing good faith rather than fraud. Prosecutors allege Mashinsky and others manipulated the price of CEL to inflate its value before selling. The trial follows Celsius’ 2022 bankruptcy and ongoing legal battles with regulators.
Tags: CEL,Criminal,Fraud
Link: Former Celsius CEO Alex Mashinsky Seeks Witness Testimony in Fraud Trial [Copy]
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