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fraudsentenced
Braden John Karony
Conspiracy to commit securities fraud, wire fraud, and money laundering
- Defendant
- Braden John Karony
- Reddit role
- other
- Charge
- Conspiracy to commit securities fraud, wire fraud, and money laundering
- Jurisdiction
- U.S. District Court, Eastern District of New York
- Date
- 2026-02-10
- Sentence
- 100 months (about 8 years) prison plus forfeiture of about $7.5 million
- Subreddit
- r/SafeMoon
Summary
Braden John Karony, the chief executive of the cryptocurrency company SafeMoon, was convicted of conspiracy to commit securities fraud, wire fraud, and money laundering, and sentenced to 100 months in prison. Prosecutors established that he and co-conspirators misrepresented that the token's liquidity was locked while diverting millions for personal use. SafeMoon grew a large retail following that included a prominent r/SafeMoon community, though the charging documents attributed promotion mainly to videos and other social platforms rather than to Reddit specifically.