Former Celsius CEO Alex Mashinsky has recently requested a postponement of his trial until May 8, 2025. Despite his plea, the Attorney’s Office has not yet agreed to the extension. Mashinsky’s legal team has cited the complexity of the proceedings and the extensive volume of material that needs to be reviewed as reasons for the requested adjournment.
In a letter addressed to U.S. District Judge John G. Koeltl, Mashinsky’s defense team requested extensions for two deadlines related to the Probation Office’s presentence investigation report (PSR). They have asked for an extension of the objections deadline from February 10, 2025, to February 17, 2025, and a postponement of the final disclosure deadline from February 24, 2025, to March 3, 2025. This additional time is deemed necessary to thoroughly review the 76-page draft report and the 177 victim impact statements that were disclosed late.
The defense team argued that the complexity of the case, the potential severity of consequences, and the need to scrutinize the government’s evidence, which they claim lacks citations and includes undisclosed witness statements, necessitates the requested extension. They believe that postponing the sentencing until May 8, 2025, instead of the initial date of April 8, 2025, would allow for a more accurate and comprehensive sentencing submission.
In addition to Mashinsky’s legal battle, Celsius has also been in the news for its ongoing fight to reopen a $444 million claim against FTX. The firm has argued that the decision made by Judge John T. Dorsey regarding the initial claim and its amendment should be considered valid and sufficient.
The developments surrounding Mashinsky’s case and Celsius’s legal disputes continue to unfold, with the outcome of the trial postponement request still pending. Stay tuned for further updates on this evolving story.
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