A former 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.
Stephen George leveraged material non-public information about Celsius’s better-than-expected financial performance days after he left the company in April 2023 in order to buy 20,000 shares of the company’s common stock and 300 call options, then sell that stock and options the next trading day after Celsius’s announcement, the US said. George faces a maximum penalty of 20 years in prison and a $5 million fine, the ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.