US prosecutors ask for leniency for ex-Celsius exec, citing cooperation
While Roni Cohen-Pavon’s lawyers have asked for time served, US Attorney Jay Clayton was unspecific in the federal government’s recommendation, requesting the judge defer to sentencing guidelines.
Federal prosecutors are recommending a light sentence for Roni Cohen-Pavon, the former chief revenue officer of defunct cryptocurrency lending platform Celsius.
In a Monday letter filed in the US District Court for the Southern District of New York (SDNY), US Attorney Jay Clayton cited Cohen-Pavon’s “substantial assistance” to the government, by being prepared to testify against former Celsius CEO Alex Mashinsky.
Prosecutors did not request a specific amount of time for the former chief revenue officer to spend in prison, instead asking the judge to consider the sentencing guidelines for an “appropriate sentencing reduction for a defendant who has rendered substantial assistance.”