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America Securities and Trade Fee (SEC) introduced Nov. 1 that it was charging SafeMoon and three of its executives with fraud and unregistered securities gross sales in reference to its SafeMoon token. The Justice Division unsealed fees towards the lads on the similar time.
Based on SEC allegations, SafeMoon creator Kyle Nagy, CEO John Karony and chief know-how officer Thomas Smith withdrew property value $200 million from the venture and misappropriated investor funds. The Justice Division is charging the lads with conspiracy to commit securities fraud, conspiracy to commit wire fraud and cash laundering conspiracy.
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