Posted 11/10/2023, 4:27:34 AM
Judge Stalls SafeMoon CEO's Bail Release Over Flight Risk Concerns
- Prosecutors argued SafeMoon CEO poses flight risk due to alleged access to funds and overseas connections
- Judge stayed Karony's $500,000 bail release order, citing possible danger to community
- Prosecutors claim Karony has millions in opaque assets and expanding overseas ties
- Karony faces up to 45 years in prison if convicted of conspiracy and fraud charges
- Judge will consider prosecutors' request to detain Karony in New York at later date