Odaily Planet Daily News In a document submitted to the Southern District of New York Court on October 23, Judge John Koeltl ordered Celsius’s former CEO Alex Mashinsky and prosecutors to appear in court on November 13 to “reserve testimony” and address the motion to dismiss certain charges in the indictment. In January, Mashinsky’s lawyer filed a motion to dismiss charges related to commodity fraud and market manipulation.
In July 2023, authorities arrested Mashinsky and charged him with seven serious crimes. Prosecutors accused former CEO and former Chief Revenue Officer Roni Cohen-Pavon of “illegally manipulating the price of the platform’s token CEL”, and Mashinsky was accused of misleading users about the investment nature.
According to court records, since February, Mashinsky has not appeared in person. In addition to the hearing on November 13, Judge Koeltl also ordered the parties to hold a pre-trial conference on January 16. The jury trial is scheduled to begin on January 28. (Cointelegraph)
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