Former SafeMoon CEO Sentenced to 100 Months for $9M Fraud

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Braden Karony, the former CEO of SafeMoon, has been sentenced to 100 months in prison for stealing approximately $9 million from the platform’s liquidity pool in 2021. A federal jury convicted Karony in May 2025 on charges including conspiracy to commit securities fraud, wire fraud and money laundering.

According to prosecutors, Karony diverted investor funds to bankroll a lavish lifestyle, purchasing a $2.2 million home in Utah along with luxury vehicles including an Audi R8, Tesla, custom Ford F-550 and Jeep Gladiator. The court also ordered him to forfeit roughly $7.5 million, with restitution to victims still to be determined. Authorities said the sentence underscores that crypto executives who misuse investor funds will face serious consequences.

[johnblockbuster]

lavish cars and houses bought with stolen funds…classic crypto scam energy