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Former Celsius CEO Alex Mashinsky is set to report to federal prison on Friday following his guilty plea to felony charges. The disgraced executive admitted to making false statements about the platform’s controversial Earn Program. His surrender marks a significant moment in the ongoing fallout from Celsius’s collapse.
- Mashinsky pleaded guilty to making false statements about Celsius's Earn Program, leading to his prison sentence.
- He is scheduled to report to the Federal Prison Camp in Otisville, NY, a minimum-security facility.
- The surrender follows a sentencing hearing in the US District Court for the Southern District of New York.
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