U.S. Attorney Breon Peace, instrumental in the prosecution of Bitzlato’s Anatoly Legkodymov for operating an illicit cryptocurrency exchange.
Photo: Andrew Harris/AP
Federal authorities from the Eastern District of New York have charged founders and executives of SafeMoon LLC, with multiple counts of conspiracy, including securities fraud and wire fraud, according to an indictment unsealed Wednesday.
The digital asset company, headed by Braden John Karony, Kyle Nagy and Thomas Smith, is accused of misappropriating investors’ funds to the tune of millions of dollars, allegedly for personal use that included purchasing luxury vehicles and real estate.
“As alleged, the defendants deliberately misled investors and diverted millions of dollars to fuel their greedy scheme and enrich themselves by purchasing a custom Porsche sports car, other luxury vehicles and real estate,” said U.S. Attorney Breon Peace.
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