Celsius‘ former chief revenue officer received a lenient sentence after his 2023 guilty plea for fraud and conspiracy to commit price manipulation. A US federal judge has sentenced the former chief revenue officer of defunct cryptocurrency lending platform Celsius to time served after almost three years following his arrest on fraud and conspiracy charges. In a sentencing hearing in the US District Court for the Southern District of New York on Wednesday, Judge John Koeltl ordered that Roni Cohen-Pavon be sentenced to time served and one year of supervised release for his role in manipulating the price of Celsius’s CEL token and fraud on the platform. The former chief revenue officer initially pleaded not guilty to four charges following his arrest in September 2023, changing his plea to guilty about a week later. Alex Mashinsky at the Bitcoin 2021 conference in Miami. Cointelegraph Cohen-Pavon was indicted along with former CEO Alex Mashinsky in July 2023 after the 2022 collapse of Celsius, which led to billions of dollars’ worth of investor and user losses. Cohen-Pavon, an Israeli citizen and resident, was outside the US when prosecutors filed the indictment, but later reentered the country for his arraignment. He posted a $500,000 bond in September 2023 and has been free to travel with some restrictions. With the sentencing of Cohen-Pavon and Mashinsky, who is already serving 12 years following his guilty plea, the criminal cases involving Celsius are winding down. The former CEO was ordered to pay $48 million as part of a forfeiture in his criminal case, while Cohen-Pavon agreed to pay more than $1 million and a $40,000 fine.