SafeMoon Ex-CEO Found Guilty on Every Charge

Description

A federal jury in the Eastern District of New York convicted former SafeMoon CEO Braden Karony on May 21 of conspiracy to commit securities fraud, wire fraud and money laundering after a 12-day trial that began on May 5. He now faces up to 45 years in prison and the forfeiture of illicit gains. Prosecutors detailed how Karony and his co-conspirators misled investors about the SafeMoon token design, falsely claiming that its liquidity pools were “locked” by a 10% transaction tax, that insiders co...