SafeMoon’s Ex-CEO Convicted in Multi-Million Dollar Crypto Fraud Case
Bradley Karony, former CEO of SafeMoon, has been found guilty on multiple charges including conspiracy to commit securities fraud, wire fraud, and money laundering. The verdict came after a swift 12-day trial in a Brooklyn federal court, with the jury deliberating for mere hours before reaching a decision.
Prosecutors revealed Karony’s scheme defrauded investors of approximately $2 million, seized through property forfeitures. The case has reignited concerns about fraudulent activities undermining trust in digital assets, particularly among retail investors drawn to meme coin projects.
Despite maintaining his innocence throughout proceedings, Karony now faces up to 45 years imprisonment. The conviction marks another high-profile enforcement action as regulators intensify scrutiny of cryptocurrency projects making unrealistic promises to investors.