Safemoon CEO Found Guilty Of Criminal Charges

A Court in New York has found Braden John Karony the former Chief Executive Officer of Safemoon guilty of all criminal charges against him including charges of fooling investors, stealing money through online fraud and hiding the stolen funds.

According to data from the Department of Justice of the United States, Karony and his team have tricked people into investing in Safemoon by providing false information.

It is worth noting that the gathered money was used for managing personal expenses including buying custom trucks, sports cars, houses and a few others.

Joseph Nocella, a U.S attorney, said, “As proven at trial, the SafeMoon digital asset was anything but safe and turned out to be pie in the sky for investors who were deliberately misled by Karony. Karony used his scheme to purchase multiple homes, sports cars, custom trucks, and other luxury goods.” 

According to data from CoinMarketCap, Safemoon V2 has lost  5.08% of its trading prices in the past 24 hours and reached $0.00001811 and in the weekly frame it is down by 14.31%.

It is important to note that despite claims of a locked liquidity pool of Safemoon, Karony, with the help of Thomas Smith and Kyle Nagy, has accessed these liquidity pools.

From the total gained $9 million Karony, has used $2.2 million to buy a house in Utah, and has also bought 2 luxury-class audi, a Tesla and a custom truck.