SafeMoon CEO Convicted of Crypto Fraud
- Braden Karony, CEO of SafeMoon, was convicted of conspiracy to commit securities fraud, wire fraud, and money laundering.
- Karony misled investors about the token’s liquidity pool access and diverted millions for personal use.
- The SafeMoon token once had a market cap exceeding $8 billion before collapsing amid fraud allegations.
- A jury ordered the forfeiture of properties worth approximately $2 million.
- Karony faces up to 45 years in prison when sentenced.
Braden Karony, CEO of SafeMoon, was found guilty on all counts related to crypto fraud. He misled investors and used diverted funds for personal purchases, including real estate and luxury vehicles. The jury ordered forfeiture of properties worth around $2 million. Karony could face up to 45 years in prison upon sentencing.
Source (2.6)https://decrypt.co/321465/safemoon-ceo-found-guilty-in-us-crypto-fraud-trial?rand=52368
