US Government Asks for $1M in Forfeiture from Ex-Celsius Exec Ahead of Sentencing
Cointelegraph
Former Celsius executive Roni Cohen-Pavon has agreed to a $1 million forfeiture ahead of his upcoming sentencing for fraud and market manipulation.Summary
Roni Cohen-Pavon, the former chief revenue officer of Celsius, has consented to a $1.07 million forfeiture judgment following his guilty plea for fraud and price manipulation related to the CEL token. U.S. authorities noted that he will receive credit for funds already paid through the Celsius bankruptcy proceedings. While prosecutors have not recommended a specific sentence, they have asked the court to consider his substantial assistance to the government. Cohen-Pavon, who took responsibility for his actions, is scheduled for sentencing in the Southern District of New York.
(Source：Cointelegraph)