Two SafeMoon executives were arrested after prosecutors said they lied to investors about having ‘locked’ liquidity, when instead they allegedly used the funds to buy luxury cars and real estate.
Braden John Karony, 27, and Thomas Smith, 35, were arrested on Wednesday, while another executive, Kyle Nagy, 35, remains at large, according to a statement from the U.S. Attorney’s Office for the Eastern District of New York.
Prosecutors, in a joint enforcement action with the…
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