Criminal Trial for Former Celsius CEO Alex Mashinsky Scheduled for September 2024
Summary:
The former CEO of Celsius Network, Alex Mashinsky, is set to begin his criminal trial on September 17, 2024, with three pretrial conferences in March, July, and September. Accused of misleading investors and defrauding billions of dollars, Mashinsky will be free on a $40 million bail during the court proceedings, with restrictions on his travel and financial transactions. The court has also frozen several of Mashinsky's assets. The case is ongoing with more information to be revealed as the trial unfolds.
New York's judiciary has scheduled the criminal proceedings of Alex Mashinsky, the erstwhile CEO of Celsius Network, to commence on September 17, 2024. At the recent October 3 session held at the United States District Court for the Southern District of New York, it was disclosed by Judge John Koeltl that Mashinsky's criminal proceeding is slotted for September 2024, and it follows three pretrial meets in March, July, and September. Mashinsky will continue to be at liberty under $40-million bail throughout the court proceedings, albeit his movement and specific financial transactions remain considerably restrained. The October plenary represented some of the initial steps in Mashinsky's criminal case following his detention in July. Officials have accused the ex-CEO of deluding Celsius stakeholders and deceiving users out of billions of dollars. In September, the court put a freeze on a number of Mashinsky's assets such as bank balances and properties. This news story is still unfolding, and additional details will be incorporated when they emerge.
Published At
10/3/2023 5:29:17 PM
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