TL;DR
- Alex Mashinsky has requested to delay his fraud sentencing from April 8 to May 8, 2025, in order to review the documentation submitted by the government.
- The defense argues that the case’s complexity and the need to evaluate government reports justify the delay, although the prosecution opposes.
- Mashinsky, arrested in July 2024, pleaded guilty to fraud and accepted a plea agreement that sets a maximum sentence of 30 years.
Alex Mashinsky, founder of Celsius, has requested a delay in his fraud sentencing, originally scheduled for April 8, 2025.
The defense has asked for the new date to be May 8 of the same year, with the goal of having more time to review the documentation presented by the government and ensure the details accurately reflect Mashinsky’s position. In their letter, the lawyers explain that the complexity of the case and the need to adequately assess the government’s reports justify the delay.
The court accepted the request to postpone the sentencing, arguing that the additional time would be crucial to prepare a response that allows for a more accurate presentation of the facts. However, the U.S. Attorney’s Office for the Southern District of New York has opposed the request, considering it “premature.” Despite the government’s opposition, Mashinsky’s lawyers assure they will not seek another delay beyond the proposed date.
Alex Mashinsky Could Face Up to 30 Years in Prison
Mashinsky was arrested in July 2024 and, months later, pleaded guilty to two counts of fraud. In his plea agreement, it was established that he would not appeal any sentence under 30 years in prison. This agreement was approved by Judge John G. Koeltl, who initially set the sentencing date for April 8, 2025. The agreement also stipulates that the sentence must align with a 30-year guideline, meaning the maximum penalty he could face is three decades.
In addition to the request for a sentencing delay, Mashinsky’s lawyers have asked for an extension to the deadline for submitting objections to the Probation Office’s presentence investigation report and for the final disclosure of the probation report. The extension of one week in these deadlines would allow more time to ensure all details are correct before the final sentencing.
