In April 2021 I wrote a blog about the numbers of scam projects mushrooming as the crypto bull market was taking shape. The blogpost can be found here ...
@themagus/crypto-scam-bullmarket
Well I felt fully vindicated .... and puzzled ... when I read the following
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.
Source and full story
Puzzled because I cannot believe this ponzi nonsense survived as long as it did,,, and that there are still so mant naive or desperate or deranged degens out there.
I would appreciate other Hivians opinions on the above as well as the potential for the next bull market... please share your thoughts below.
