A New York court docket has set the prison trial for former Celsius Community CEO Alex Mashinsky to start on Sept. 17, 2024.
In an Oct. 3 listening to in United States District Courtroom for the Southern District of New York, Choose John Koeltl stated Mashinsky’s prison trial was scheduled for September 2024, with three pretrial conferences in March, July, and September. The previous Celsius CEO will stay free on $40-million bail via the authorized proceedings, although his journey and sure monetary transactions are nonetheless largely restricted.
The listening to marked a number of the first actions in Mashinsky’s prison case since his arrest in July. Authorities have alleged the previous CEO misled Celsius buyers and defrauded customers out of billions of {dollars}. In September, the court docket froze a lot of Mashinsky’s belongings together with financial institution accounts and property.
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