US Seeks Immediate Arrest of SafeMoon CEO on Fraud and Money Laundering Charges
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The US government is seeking the immediate detention of SafeMoon CEO Braden John Karony on charges including securities fraud, wire fraud, and money laundering.
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Karony is accused of misappropriating tens of millions of dollars from SafeMoon investors for personal gain during 2021-2022.
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The government argues Karony poses a flight risk due to significant foreign ties and ability to access cryptocurrency globally.
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Karony faces up to 45 years in prison if convicted on all counts, further increasing flight risk per the government.
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The SafeMoon token price crashed 70% following the charges against Karony and continues trading at near all-time lows.