Ex-Celsius CEO asks to travel for a wedding after sentencing
Summary
Former Celsius CEO Alex Mashinsky is likely permitted to travel for his daughter's wedding, regardless of his sentencing outcome on May 8. Judge John Koeltl approved his travel from New York to Memphis, Tennessee, from May 26 to May 29. Mashinsky pleaded guilty to commodities fraud and manipulating the price of CEL, Celsius's native token, after losing a motion to dismiss charges. He has been free on a $40-million bond since July 2023, with travel restrictions requiring court approval. It remains unclear if he will need to surrender to authorities following the sentencing hearing.
