A New York jury found Braden John Karony, the former CEO of cryptocurrency company SafeMoon, guilty of three felony charges after less than a day of deliberation.
A New York jury has found Braden John Karony, the former CEO of cryptocurrency company SafeMoon, guilty of three felony charges after less than a day of deliberation, court documents show.
In the US District Court for the Eastern District of New York, Karony was convicted of conspiracy to defraud the United States, money laundering, and wire fraud, according to a May 21 notice of verdict. A jury reached the guilty verdict in less than a day of deliberation.
In the US District Court for the Eastern District of New York, Karony was convicted of conspiracy to defraud the United States, money laundering, and wire fraud, according to a May 21 notice of verdict. A jury reached the guilty verdict in less than a day of deliberation.
Karony, former chief technology officer, Thomas Smith, and the platform’s creator, Kyle Nagy, were charged in January for allegedly “diverted and misappropriated millions of dollars’ worth” of SafeMoon’s SFM token. Smith testified against Karony at trial, while Nagy fled Russia and was at large as of May 21.
The criminal trial involving a cryptocurrency company executive was seen by many as a bellwether for how interim US Attorney Joseph Nocella could handle cases.
This is a developing story, and further information will be added as it becomes available.
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