Following his arrest, former Celsius CEO Alex Mashinsky now faces electronic monitoring as part of bail conditions.
Alex Mashinsky
In an Aug. 8 filing in U.S. District Court for the Southern District of New York, Judge Gabriel Gorenstein signed off on a modification to Mashinsky’s $40-million bond ensured by his brokerage account at First Republic Bank and his New York home. Prosecutors and defense lawyers jointly signed a request to have Mashinsky under electronic monitoring and be restricted from withdrawing, transferring, or receiving more than $10,000 without prior approval from the court.
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