| SafeMoon
Trio Indicted
for Crypto
Fraud in EDNY
Appealed
Karony Utah
Bail Now Reply
by
Matthew Russell Lee, Patreon Book
Substack
EDNY COURTHOUSE,
Nov 12 – 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.
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” Earlier
today, Karony was arrested in
Provo, Utah...
On November
3, Smith was arraigned, bond
document on Patreon here
....
On November 8,
EDNY prosecutors wrote
"seeking the detention of the
defendant Braden John Karony."
Full memo on Patreon here.
But Karony was
ordered free on bond, by
Magistrate Daphne A. Oberg
(whose previous freeing of
January 6 defendant John Earle
Sullivan Inner City Press
previously covered here).
The EDNY prosecutors have
written to the assigned
District Judge to appeal /
seek a stay, 6-page letter on
Patreon here.
On Sunday
November 12 Karony's lawyers
wrote in that "the
Government’s argument that
detention is warranted because
the charges involve
cryptocurrency is contrary to
the bail statute’s requirement
for the Government to show
that no conditions of pretrial
release can “reasonably
assure” this defendant’s
appearance (id. (emphasis
added)); otherwise, without
more, every U.S. citizen
facing criminal charges in the
digital asset space would be
detained through trial, in
effect establishing an
unrebuttable crypto
presumption." Full letter on
Patreon here.
Inner City Press
will follow the case(s)
***
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