Ex-Celsius CEO set to start 12-year prison sentence this week

Alex Mashinsky pleaded guilty to two felony counts in December, admitting in court to making false statements about the platform’s Earn Program.

Former Celsius CEO Alex Mashinsky is scheduled to report to federal prison on Friday following a guilty plea and sentencing hearing.

According to documents filed on May 12, a few days after Mashinsky’s sentencing hearing in the US District Court for the Southern District of New York, the former CEO is expected to surrender himself to authorities before 2:00 pm ET on Friday.

The court recommended that Mashinsky serve his sentence at the Federal Prison Camp in Otisville, New York — a minimum security facility about 75 miles (120 kilometers) from New York City.

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