Former Celsius Executive Pleads Guilty, Faces 20-Year Sentence for Financial Misconduct

The U.S. government is pursuing justice against former Celsius executive Alex Mashinsky after he admitted to major financial misconduct that resulted in significant losses for customers. The charges allege that Mashinsky manipulated markets and made misleading statements to inflate prices, causing millions in damages. While he has confessed to these actions, legal proceedings are ongoing, with the U.S. Department of Justice seeking a minimum 20-year prison sentence. Prosecutors have highlighted the number of victims and substantial financial damage caused by Mashinsky’s alleged fraud.