SafeMoon CEO Sentenced for Massive Securities Fraud

In a significant development in the high-profile crypto fraud case involving SafeMoon, former CEO Braden Karony has been found guilty of conspiracy to commit securities fraud, wire fraud, and money laundering. The verdict follows a lengthy trial that exposed the alleged deceitful actions of Karony and his associates in their handling of investor funds. Prosecutors have accused Karony of deceiving investors by falsely claiming the liquidity pool was locked and untouchable when it was actually being siphoned off for personal expenses. 12-day trial, along with an 18-month investigation, laid bare the alleged scheme, including details about luxury vehicle purchases like an Audi R8 and a Tesla, as well as extensive real estate holdings in Utah. ]