In brief
- SafeMoon CEO Braden Karony was sentenced to 100 months in prison for his role in a crypto fraud scheme surrounding the SFM token.
- Karony was also ordered to forfeit $7.5 million for his crimes.
- One co-conspirator is awaiting sentencing, while another is still at large.
SafeMoon CEO Braden John Karony was sentenced to 100 months in prison Tuesday by District Judge Eric Komitee of the Eastern District of New York for his role in a scheme that defrauded investors in the SafeMoon (SFM) token.
Karony, who could have faced up to 45 years in prison, was convicted last May on conspiracy to commit securities fraud, wire fraud, and money laundering. In addition to the sentence, Karony was ordered to forfeit $7.5 million, with victim…
