Former Celsius Executive Pleads Guilty to Fraud Charges, Cooperates Against CEO
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Roni Cohen-Pavon, former Celsius exec, pleads guilty to 4 criminal charges related to CEL token manipulation & wire fraud.
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Faces max 65 years prison, sentencing set for Dec 2024, continues on bail.
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Reached cooperation deal with prosecutors in case against Celsius CEO Alex Mashinsky.
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Served as Celsius CRO, received $3.6M from firm before arrest in July.
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Mashinsky filed to dismiss FTC fraud case against him in Sept, argues didn't knowingly make false statements.