{"id":128850,"date":"2025-05-08T16:22:35","date_gmt":"2025-05-08T16:22:35","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128850"},"modified":"2025-05-08T16:22:35","modified_gmt":"2025-05-08T16:22:35","slug":"ex-celsius-ceo-asks-to-travel-for-a-wedding-after-sentencing","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128850","title":{"rendered":"Ex-Celsius CEO asks to travel for a wedding after sentencing"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsFormer Celsius CEO Alex Mashinsky will probably be allowed to travel for his daughter\u2019s wedding regardless of the outcome of his May 8 sentencing hearing.<br \/>\nIn a May 8 filing in the US District Court for the Southern District of New York, Judge John Koeltl approved an application for Mashinsky to travel from New York to Memphis, Tennessee, between May 26 and May 29 for his daughter\u2019s wedding. The approval was available on the public docket as of May 8, but appeared to have been removed at the time of publication.<br \/>\nAlex Mashinsky\u2019s request to travel for his daughter\u2019s wedding. Source: PACERJudge Koeltl will determine in a May 8 hearing whether Mashinsky serves prison time following a plea deal with prosecutors.<br \/>\nThe former Celsius CEO appeared ready to go to trial in 2024 until his lawyers lost a motion to have his charges dismissed. In December, He pleaded guilty to commodities fraud and a fraudulent scheme to manipulate the price of the platform\u2019s native token, CEL.<br \/>\nRelated: Celsius\u2019 Mashinsky lashes out at \u2018death-in-prison sentence\u2019<br \/>\nMashinsky has been free on a $40-million bond since July 2023, with travel outside certain areas requiring court approval, such as the roughly 900-mile (1,500-kilometer) distance between New York and Memphis. At the time of publication, it was unclear if he will be expected to surrender to authorities.<br \/>\nPotentially facing decades in prison<br \/>\nProsecutors have asked the judge to impose a 20-year sentence on the former Celsius CEO, while Mashinsky\u2019s lawyers requested that he serve one year and one day in prison. The hearing could be a bellwether for how criminal cases involving cryptocurrency could change under the Trump administration, which appointed the interim US Attorney for the court district.<br \/>\nOn April 17, Mashinsky\u2019s lawyers submitted a letter from his oldest daughter in support of her father ahead of sentencing. The letter claims that Mashinsky does not deserve a \u201csevere punishment,\u201d writing that he \u201cnever set out to steal from anyone.\u201d Other members of his family penned similar letters.<br \/>\nThe same court district oversaw the sentencing of former FTX CEO Sam \u201cSBF\u201d Bankman-Fried, who is currently serving 25 years in prison.<br \/>\nMagazine: \u2018Less flashy\u2019 Mashinsky set for less jail time than SBF: Inner City Press, X Hall of Flame<a href=\"https:\/\/cointelegraph.com\/news\/alex-mashinsky-celsius-sentencing-wedding-travel?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsFormer Celsius CEO Alex Mashinsky will probably be allowed to travel for his daughter\u2019s wedding regardless of the outcome of his May 8 sentencing hearing. In a May&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128850"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128850"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128850\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128850"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}