SafeMoon CTO Pleads Guilty to Fraud
Reading Time: 2 minutesThomas Smith, SafeMoon LLC's Chief Technology Officer, has pleaded guilty to securities fraud conspiracy and wire fraud conspiracy charges Smith and other executives misled investors about the safety of their funds, falsely claiming that the liquidity pool was locked and inaccessible The fraudulent scheme involved the misappropriation of over $200 million, which was used for personal luxuries such as luxury vehicles and real estate Thomas Smith, the Chief Technology Officer of SafeMoon LLC, has pleaded guilty to charges of securities fraud conspiracy and wire fraud conspiracy.
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