Roni Cohen-Pavon, the former chief revenue officer of the now-bankrupt crypto lender Celsius Network, has reportedly pleaded guilty to four fraud charges.

During the court hearing, he reportedly committed to cooperating with US authorities in their ongoing investigations.

Not All Celsius Executives Pleaded Guilty

According to a September 14 report, former Celsius executive Roni Cohen-Pavon entered his guilty plea in the United States District Court of Manhattan. He faced charges of conspiracy, securities fraud, market manipulation, and wire fraud for manipulating the price of Celsius’ native token, CEL.

He reportedly agreed to assist the US Attorney’s office and the Federal Bureau of Investigation (FBI) with investigations and testify in court if necessary.

On July 14, reports disclosed that former Celsius CEO Alex Mashinsky entered a plea of not guilty to fraud charges. Prosecutors leveled seven criminal counts against him, which included wire fraud, securities fraud, and commodities fraud.

They also asserted that Mashinsky orchestrated a calculated, multi-year Go to Source to See Full Article
Author: Ciaran Lyons

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