PANews reported on May 22 that according to the announcement of the U.S. Department of Justice, Braden John Karony, former CEO of SafeMoon, was found guilty of all three counts of securities fraud, wire fraud and money laundering conspiracy. The jury ruled that he illegally misappropriated millions of dollars of user funds to purchase luxury homes and cars, deceived investors and manipulated liquidity pools. Karony faces up to 45 years in prison, and the court has ordered the confiscation of approximately $2 million in assets. Among the conspirators, Thomas Smith has pleaded guilty, and Kyle Nagy is still at large. According to Protos, he will face 20 years in prison.