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🚨🇺🇸CONFIRMED:
John Karony, CEO of SafeMoon, has been sentenced to 8 years in prison for defrauding investors.
Prosecutors said Karony and others misappropriated funds from the token’s liquidity pool, despite claims it was “automatically locked.”
Court filings detail purchases of properties and luxury vehicles, with more than $3M in investor funds spent.
Total losses are estimated to exceed $10M.