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Celsius Founder Sentenced to 12 Years for Fraud

5/9/2025

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Summary

Story summary

Alex Mashinsky, founder of Celsius, was sentenced to 12 years in prison for fraud and token manipulation.
He pleaded guilty to commodities and securities fraud, admitting to misleading customers for profit.
Mashinsky is required to forfeit $48 million and nine properties but will delay prison to attend his daughter's wedding.
Prosecutors argued for a longer sentence due to significant victim harm; Mashinsky showed remorse during sentencing.

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Story summary

Alex Mashinsky, founder of Celsius, was sentenced to 12 years in prison for fraud and token manipulation.
He pleaded guilty to commodities and securities fraud, admitting to misleading customers for profit.
Mashinsky is required to forfeit $48 million and nine properties but will delay prison to attend his daughter's wedding.
Prosecutors argued for a longer sentence due to significant victim harm; Mashinsky showed remorse during sentencing.