Roni Cohen-Pavon, the former Chief Revenue Officer of Celsius, has agreed to forfeit $1.07 million ahead of his sentencing, according to court filings by U.S. Attorney Jay Clayton. Cohen-Pavon, who pleaded guilty to fraud and conspiracy charges related to manipulating the price of Celsius's CEL token, is set to be sentenced this Thursday. Prosecutors have not recommended a specific sentence but have highlighted his "substantial assistance" in the case.
The forfeiture amount is linked to proceeds from Cohen-Pavon's criminal activities. Any cash or crypto assets he has already paid in connection with the Celsius bankruptcy may be credited toward this amount, as per the filings.
Former Celsius Executive to Forfeit $1.07 Million Before Sentencing
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