Federal prosecutors have asked a judge for leniency when sentencing former Celsius executive Roni Cohen-Pavon, pointing to his cooperation with authorities. The request, filed this week, stops short of specifying a concrete term but signals the government values the information he provided.
Cooperation cited in filing
Prosecutors from the U.S. Attorney's office wrote that Cohen-Pavon has given substantial assistance in their investigation. They did not detail what that assistance entailed, but such filings typically accompany testimony or evidence that helps build cases against others. The government’s recommendation defers to federal sentencing guidelines, according to U.S. Attorney Jay Clayton.
Defense asks for time served
Cohen-Pavon’s legal team has asked the court to sentence him to time already served. They argue that his cooperation, combined with the time he has already spent under supervision, is sufficient punishment. The defense filing highlights his willingness to work with investigators from the start.
What comes next
U.S. District Judge John G. Koeltl will decide the sentence. No date for that ruling has been set. Cohen-Pavon pleaded guilty last year to conspiracy to commit securities fraud and wire fraud in connection with his role at Celsius Network. The crypto lender collapsed in 2022, leaving thousands of customers unable to access their funds.
