# SafeMoon CEO Guilty of Fraud, Faces up to 45 Years in Prison

*Author: Bankless*
*Published: May 22, 2025*
*Source: https://www.bankless.com/read/safemoon-ceo-guilty-of-fraud-faces-up-to-45-years-in-prison*

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SafeMoon CEO Braden Karony was convicted of fraud and money laundering, facing up to 45 years in prison after misleading investors and misappropriating funds.

## **What’s the Scoop?**
- **Fraudulent Misuse**: SafeMoon CEO Braden Karony was convicted of conspiracy to commit securities fraud, wire fraud, and money laundering.
- **Misuse of Funds**: Prosecutors revealed millions in diverted funds were used for luxury purchases like real estate and cars.
- **Market Collapse**: The SafeMoon token, once reaching an $8 billion market cap, collapsed amid allegations of investor deceit.
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