New York Judge denies bail for SafeMoon CEO
A federal court ordered Braden Karony to be detained pending his transfer to the Eastern District of New York (EDNY) where the SafeMoon CEO faces crypto fraud charges. SafeMoon CEO Braden John Karony will remain in custody ahead of his ordered move to the Eastern District of New York. The decision issued on Nov. 13 came after prosecutors contested a Utah Judge’s decision to approve Karony’s $500,000 bail and temporarily halted his release. Judge Eric R. Komitee of the EDNY ruled that the government’s argument over Karony’s flight risk status had merit. According to Judge Komitee, real estate posted by the defendant for his recognizance bond may well have been acquired through ill-gotten gains generated from the alleged multi-billion dollar SafeMoon (SFM) scam. Prosecutors highlighted a Utah property subject to forfeiture and digital assets worth at least $1.2 million hidden in a private unhosted wallet. The government has been unable to access the wallet, per InnerCityPress. Jud...