Former Celsius CEO Alex Mashinsky will face criminal charges related to allegedly misleading investors and defrauding users out of billions of dollars.
According to a New York court, the former Celsius CEO will remain free on $40-million bail through the legal proceedings.
In an Oct. 3 hearing in United States District Court for the Southern District of New York, Judge John Koeltl said Mashinsky’s criminal trial was scheduled for September 2024, with three pretrial conferences in March, July, and September. The former Celsius CEO will remain free on $40-million bail through the legal proceedings, though hissince his arrest in July. Authorities have alleged the former CEO misled Celsius investors and defrauded users out of billions of dollars.
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