US government asks for $1M forfeiture from ex-Celsius exec ahead of sentencing

Former Celsius chief revenue officer Roni Cohen-Pavon, scheduled to be sentenced on Thursday after a guilty plea, agreed to a judgment of $1 million that he obtained as a result of his crimes.

Roni Cohen-Pavon, the former chief revenue officer of defunct cryptocurrency lending platform Celsius, will likely turn over more than $1 million as part of a forfeiture order by US authorities ahead of his sentencing hearing.

In a Tuesday court filing, US Attorney for the Southern District of New York Jay Clayton said that Cohen-Pavon had consented to a $1,070,000 judgment “representing the amount of proceeds traceable” to the former Celsius executive’s crimes. Clayton said that Cohen-Pavon would receive credit for any funds, in cash or crypto that he had on Celsius, paid as part of the platform’s bankruptcy case.

Source: PACER

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