Former Celsius Executive Sentenced in Fraud Case

A U.S. federal judge has sentenced Roni Cohen-Pavon, the former chief revenue officer of Celsius, to time served and one year of supervised release in connection with a fraud case. According to NS3.AI, Judge John Koeltl issued the sentence due to Cohen-Pavon's involvement in manipulating the token price on the Celsius platform and defrauding its users. Cohen-Pavon was indicted alongside former CEO Alex Mashinsky following the collapse of Celsius in 2022, which resulted in billions of dollars in losses for investors and users. Additionally, Cohen-Pavon has agreed to pay over $1 million and a $40,000 fine.