menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

SafeMoon C...
source image

Cryptopotato

2M

read

101

img
dot

Image Credit: Cryptopotato

SafeMoon CEO Braden Karony Found Guilty of Fraud and Money Laundering

  • Former SafeMoon CEO Braden John Karony was found guilty of conspiracy to commit securities fraud, wire fraud, and money laundering.
  • Prosecutors alleged that Karony and his associates deceived investors by falsely claiming SafeMoon's liquidity pool was locked and untouchable.
  • Karony used investor funds to purchase luxury vehicles and multimillion-dollar real estate, while maintaining liquidity funds could be accessed only in emergencies.
  • Karony's conviction includes forfeiture of at least $2 million worth of assets and he faces a maximum of 45 years in prison.

Read Full Article

like

6 Likes

For uninterrupted reading, download the app