Court Delivers 12-Year Sentence to Celsius Founder Amid Controversy

  • TL;DR Tough Crackdown: Former Celsius CEO Alex Mashinsky has been sentenced to 12 years in federal prison for fraud and market manipulation, marking a significant legal response to his actions. Contentious Defense: Despite his defense citing an unblemished record, military service, and a willingness to take responsibility, prosecutors emphasized Mashinsky's deliberate misrepresentations.