| SafeMoon
Trio Indicted
for Crypto
Fraud in EDNY
Now Smith
Arraigned
Crypto Creeps
by
Matthew Russell Lee, Patreon Book
Substack
EDNY COURTHOUSE,
Nov 3 – On November 2, 2023
SafeMoon's trio were indicted
in the U.S. District Court for
the Eastern District of New
York. Inner City Press covered
it, here.
Prosecutors
charged Braden John Karony,
Kyle Nagy, and Thomas Smith
with conspiracy to commit
securities fraud, conspiracy
to commit wire fraud and money
laundering conspiracy for
their roles in defrauding
investors in a decentralized
finance digital asset called
“SafeMoon” (SFM) that was
issued by their company
SafeMoon LLC. As alleged, the
defendants lied to SFM
investors concerning whether
SFM’s use of ‘locked’
liquidity was inaccessible to
the defendants, as well as
their personal holding and
trading of SFM. As SFM’s
market capitalization grew to
more than $8 billion, the
defendants fraudulently
diverted and misappropriated
millions of dollars’ worth of
purportedly “locked” SFM
liquidity for their personal
benefit. Earlier today, Karony
was arrested in Provo, Utah,
and Smith was arrested in
Bethlehem, New Hampshire. Nagy
remains at large.
On November
3, Smith was arraigned, bond
doc on Patreon here...
Inner City Press will follow
the case(s)
***
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