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Braden KaronyThe chief of the CRIPTO Currency Project Safemoon was declared guilty of fraud and other criminal charges in the Federal Court in New York.
According to a Statement 21 May from the US lawyer, the charges included conspiracy to commit fraud with securities, fraud wire and money laundering.
If a maximum sentence is given, the karony could spend up to 45 years in prison. The jury also ordered the seizure of one home and continues from the sale of another, together worth about $ 2 million.
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The case was the result of the FBI investigation, the IRS Criminal Investigation and the Homeland Security Investigation, with the support of the US Securities (SEC) Securities Commission.
Safemoon was launched in 2021 with a transaction fee that promised to reward long -term owners. Each time someone conveyed a token, 10% of fees were applied. Half of this was supposed to return to other token holders, while the rest was supposed to stay in the locked pool to support trading.
However, investigators said Karony and others had access to that pool and used money as much as they wanted. Although they publicly claimed that they were not trading Safemoon, they secretly bought and sold token.
According to the indictment, the stolen money headed for homes, expensive vehicles like Tesla and Audi R8 and adapted trucks. Officials explained that Karony used hidden wallets and unregistered accounts on trading platforms To move the funds and hide your identity.
American lawyer Joseph Nocella, Jr., commented that Safemoon “was just not sure” and that Karony seduced people while he used his money for himself.
On May 21, US authorities have accused Jeremy Jordan-Jones, founder of Amalgam Capital Ventures, for deceiving investors of handing over more than $ 1 million for a fake blockchain project. How did the case take place? Read the whole story.
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