Former SafeMoon CEO convicted of three felony charges, faces up to 45 years in prison

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MarsBit
05-22
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Mars Financial News: A New York jury found SafeMoon's former CEO Braden John Karony guilty of three felony charges, including conspiracy to defraud the United States, money laundering, and wire fraud. After a trial lasting approximately two weeks, the jury reached a verdict in less than a day. Karony was accused of misappropriating millions of dollars for personal expenses during SafeMoon's market value surge. He was prosecuted alongside former Chief Technology Officer Thomas Smith and platform creator Kyle Nagy, with Smith turning state witness and Nagy reportedly having fled to Russia. Karony faces up to 45 years in prison.

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