US Department of Justice to Continue Lawsuit Against Former SafeMoon CEO for 'Fraud Charges'
JH Kim
Summary
- The US Department of Justice announced that it will continue the lawsuit against former SafeMoon CEO Braden John Karony.
- Karony is reported to be facing charges of embezzling millions of dollars worth of SFM tokens between 2021 and 2022.
- This case requires investors' attention due to charges of securities fraud, wire fraud, and money laundering.
In April, the US Department of Justice announced the dissolution of the National Cryptocurrency Enforcement Team (NCET), a department dedicated to cryptocurrency investigations. However, it stated that the lawsuit against former SafeMoon (SFM) CEO Braden John Karony will continue.
According to cryptocurrency-focused media outlet Cointelegraph on the 18th (local time), Karony is facing charges of securities fraud conspiracy, wire fraud conspiracy, and money laundering conspiracy for allegedly embezzling millions of dollars worth of SFM tokens between 2021 and 2022.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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