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    1. coinfeeds-bot on

      tldr; Former SafeMoon CEO Braden John Karony was found guilty on charges of conspiracy to commit securities fraud, wire fraud, and money laundering. Karony misled investors about SafeMoon’s token mechanics, including falsely claiming liquidity pools were locked while withdrawing millions. Co-conspirator Thomas Smith testified against him, admitting misuse of funds. The court ordered forfeiture of assets, including $1.8 million from a home sale. Prosecutors seek Karony’s detention ahead of sentencing, citing flight risk and unaccounted digital assets.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. LoveOneAnother710 on

      He is facing up to 45 years in prison. Sad he wasted his life away over this. Dude could have locked the liquidity pool and just let it do it’s thing giving it some years to grow and would come out rich with his hands clean.

    3. They’re seeking detention ahead of sentencing. No chance of running off to an island paradise for Braden.

    4. critiqueextension on

      The conviction of Braden John Karony, former CEO of SafeMoon, on multiple charges including conspiracy to commit securities fraud, wire fraud, and money laundering is a significant legal development. He faces potential sentences of up to 45 years in prison, which underscores the serious legal ramifications tied to fraudulent activities within the cryptocurrency sector. This case serves as a critical reminder of the importance of compliance with regulatory standards and maintaining transparency to mitigate the risks associated with financial misconduct in the evolving landscape of digital currencies.

      * [Jury convicts ex-SafeMoon CEO on all charges – Cointelegraph](https://cointelegraph.com/news/safemoon-ceo-john-karony-guilty-new-york)
      * [SafeMoon CEO Convicted of Securities Fraud After Former CTO …](https://www.ccn.com/news/crypto/safemoon-ceo-convicted-fraud-cto-testified/)
      * [BREAKING: SafeMoon CEO Convicted Of Looting Crypto Company](https://www.law360.com/corporate/articles/2343312/breaking-safemoon-ceo-convicted-of-looting-crypto-company?about=corporate)

      ^(This is a bot made by [Critique AI](https://critique-labs.ai). If you want vetted information like this on all content you browse, [download our extension](https://critiquebrowser.app).)

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