SafeMoon's CEO Braden John Karony's bail has been halted by US federal prosecutors due to concerns about his potential danger to the community and risk of flight. The bail order, initially set at $500,000 by a Utah Magistrate, was challenged by prosecutors who argued that it was too low considering the charges against Karony. The prosecutors believe that Karony, who is accused of fraud, money laundering, and wire fraud, has substantial financial means and international connections that could enable him to leave the country. They also highlighted that the defendant's net worth is believed to be in the millions. Additionally, the Securities and Exchange Commission has charged SafeMoon and its top executives, including Karony, with perpetrating a massive fraudulent scheme through the unregistered sale of a crypto asset security. Karony was arrested along with the Chief Technology Officer Thomas Smith, while the creator Kyle Nagy is still at large. Nagy has been released on a $500,000 bond and is reportedly negotiating a plea deal with prosecutors. The executives are accused of misusing investor funds for personal expenses and engaging in fraudulent trading practices.
Залишайтеся на зв'язку
Підпишіться на нашу розсилку та отримуйте інформацію про вихід нових статей, інформацію про ексклюзивні знижки та інше
Або підпишіться на наш Telegram, щоб завжди бути в курсі наших новин.