SEC Charges SafeMoon and Executives with $200M Fraud in Luxury Spending Spree
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SEC charges SafeMoon, 3 executives with fraud & unregistered securities sales related to SafeMoon token
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Execs allegedly misappropriated $200M in investor funds for luxurious lifestyles
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DOJ charges execs with conspiracy to commit securities fraud, wire fraud & money laundering
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CEO Karony & CTO Smith arrested; creator Nagy at large
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SafeMoon gained 55,000% in early 2021 before vulnerabilities caused price crash