Former SafeMoon CEO Convicted on Multiple Charges

According to PANews, a federal jury in the Eastern District of New York has found former SafeMoon CEO Braden John Karony guilty on all three charges, including conspiracy to commit securities fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. The trial lasted two weeks, during which Karony maintained his innocence. The jury will later decide on the forfeiture of his assets, while the sentencing date has yet to be announced. Reports from Protos suggest that Karony could face up to 20 years in prison.