Former Celsius CEO Seeks Subpoenas for Six Witnesses as He Faces 115-Year Prison Sentence
On September 17th, according to The Block, former Celsius CEO Alex Mashinsky has requested subpoenas for six witnesses who previously worked at the cryptocurrency company to testify on his behalf, as he potentially faces over 100 years in prison.
Mashinsky was arrested last year with prosecutors alleging he defrauded customers and made misleading statements about Celsius's profitability. In a memo filed by his lawyers last Friday, he requested the New York Federal Court to allow these witnesses to testify in his criminal trial, including the cryptocurrency lending platform's CFO and CRO.
The lawyers stated that many of the proposed witnesses reside outside of the US. Mashinsky's lawyers claimed in the memo that he had no intention of harming anyone.