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A former vice president of Celsius Holdings Inc. has pleaded guilty to securities fraud, admitting to profiting over $1.6 million from an insider trading scheme. The U.S. Justice Department announced that the individual faces up to 20 years in prison for these illicit profits. The case was part of a broader investigation by the FBI, which has also led to other financial misconduct cases, including a separate admission of embezzlement exceeding $5.7 million by a finance director from a Florida-based company.
Following an #FBI Boston investigation, Paul Schnitzer, the former finance director of a Florida-based company, has admitted to embezzling more than $5.7 million from his employer. https://t.co/E6wAdyFKrj https://t.co/qRfoWdF0N6
FBI Miami investigation: A Florida man pleaded guilty for his role in an insider trading scheme that netted him over $1.6 million in illicit profits. https://t.co/1m2L12afT9 https://t.co/Ima8injEIx
A former $CELH Celsius Holdings Inc. vice president pleaded guilty on Tuesday to one count of securities fraud after profiting more than $1.6 million from an insider trading scheme, the US Justice Department said.
