A US federal jury found Braden John Caroni, CEO of the SafeMoon project, guilty of fraud, money laundering and conspiracy.
The maximum punishment is up to 45 years in prison
Kernel:
- In 2021, SafeMoon raised $8 billion against the promise of a "locked liquidity pool"
- Instead, Caroni siphoned millions into his accounts using a chain of anonymous wallets
- Personal gain: $>9 million
- Purchased: luxury real estate, Audi R8, Tesla
- The project collapsed, investors lost money.
Caroni is accused of deliberate deception for personal enrichment
Prosecutor:
"SafeMoon has become a crane in the sky – and a trap for thousands of gullible investors"
