Celsius Founder Alex Mashinsky Gets 12-Year Sentence for Fraud

Krutika Adani

Alex Mashinsky Sentenced to 12 Years

The ex-Celsius CEO faces jail time for defrauding investors and manipulating CEL token prices.

Judge Delivers Verdict in NYC Court

U.S. District Judge John Koeltl hands down the sentence in Manhattan, citing billions in losses.

Prosecutors Wanted 20 Years

They accused Mashinsky of causing "devastating harm" to thousands, profiting $48M personally.

Mashinsky Asked for Leniency

He requested just one year, expressing regret and a desire to reconcile with victims and family.

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