The case against bankrupt crypto lender Celsius took a new turn as one of its former executives came forward. According to a report from Reuters, Roni Cohen-Pavon, ex-Chief Revenue Officer (CRO) at the company, pleaded guilty to criminal charges.
Celsius Former Executive Pleads Guilty, What Are The Implications
The report indicates that Cohen-Pavon attended a hearing today, September 14th, with US District Judge John Koeltl. At the hearing, the former Celsius executive pleaded guilty to manipulating the price of a crypto token, CEL, and four other counts.
Cohen-Pavon is one of the Celsius executives under legal scrutiny due to its involvement with the collapse of the crypto lender. The former CRO at this company was charged with the founder and CEO, Alex Mashinsky, in July 2023.
Unlike Cohen-Pavon, Mashinsky pleaded not guilty during his hearing. The former executive is expecting a sentence on December 11, 2024. It is unclear, but likely, that today’s events were motivated by an agre
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