The post Ex-Celsius CEO Mashinsky Blames Former Team in Major CEL Fraud Case Defense appeared on BitcoinEthereumNews.com.

Former Celsius CEO Alex Mashinsky is currently seeking witness testimony from six former employees to bolster his defense in a criminal fraud case. Celsius is also pursuing legal actions against account holders for preferential transfers made prior to its bankruptcy. Mashinsky’s defense hinges on legal advice he received from his team, as well as the editing of public communications by Celsius officials. Alex Mashinsky, ex-CEO of Celsius, seeks witness testimony to challenge fraud charges, while Celsius sues account holders for preferential transfers made before its bankruptcy. Mashinsky Claims Innocence in Celsius Fraud Case Alex Mashinsky, the former CEO of the embattled cryptocurrency lender Celsius Network, is currently fighting multiple criminal charges, including fraud. His defense team is seeking testimony from six former employees to substantiate his claim that he did not intentionally mislead customers or investors. According to court documents, these witnesses include former Chief Financial Officer (CFO) and Chief Revenue Officer (CRO) of the company. Relying on Team Expertise Mashinsky’s lawyers argue that he relied heavily on the expertise and information provided by his team while making key decisions. They assert that any misrepresentation of Celsius’ financial health was unintentional and based on the data he received from his experienced team members. The stakes are particularly high as government guidelines suggest a potential 115-year prison sentence for Mashinsky if found guilty. Cohen-Pavon’s Role in the Alleged Fraud One of the key witnesses in Mashinsky’s defense is Roni Cohen-Pavon, the former Chief Revenue Officer of Celsius, who pleaded guilty to charges last year. According to Mashinsky’s legal team, Cohen-Pavon played a critical role in the strategic planning and legal advice surrounding the manipulation of CEL token prices. His testimony could shed light on actions taken by other company officials that may exonerate Mashinsky. Edited Communications as a Defense Tool Another…

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Filed under: News - @ September 16, 2024 7:25 pm