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Braden John Karony had been convicted past twelvemonth connected respective national charges, and he's ordered to wage backmost $7.5 cardinal successful restitution.
Feb 10, 2026, 8:24 p.m.
Former SafeMoon CEO Braden John Karony will look an 8-year situation sentence aft being convicted past twelvemonth connected a drawstring of national charges tied to defrauding investors successful his integer assets operation.
The 100-month condemnation was handed down Tuesday successful U.S. District Court for the Eastern District of New York, and Karony indispensable besides forfeit $7.5 cardinal and 2 residences successful the case.
“Karony lied to investors from each walks of beingness — including subject veterans and hard-working Americans — and defrauded thousands of victims successful bid to bargain mansions, sports cars, and customized trucks,” stated United States Attorney Nocella, successful a statement. “Our bureau volition proceed to vigorously prosecute economical crimes that harm investors and weaken societal spot successful the stableness and information of integer plus markets.”
Karony was said to person participated successful manipulating the terms of the SafeMoon token and illicitly controlling liquidity pools successful the failed Utah-based institution to drain millions of dollars, according to the Department of Justice. After a three-week trial, helium was convicted of conspiracy to perpetrate securities fraud, ligament fraud, and wealth laundering.
One co-conspirator, Thomas Smith, besides pleaded blameworthy successful February 2025 to conspiracy to perpetrate securities fraud and ligament fraud, though helium hasn't yet been sentenced. Another alleged SafeMoon conspirator, Kyle Nagy, is inactive wanted by authorities.
Read More: SafeMoon Execs Arrested by DOJ successful Fraud Investigation, Charged by SEC
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