The United States Securities and Exchange Commission (SEC) has charged SafeMoon and three of its executives with fraud and unregistered securities sales related to its SafeMoon token. The SEC alleges that Kyle Nagy, the creator of SafeMoon, along with CEO John Karony and chief technology officer Thomas Smith, withdrew $200 million from the project and misused investor funds. The Justice Department has also filed charges against the men, including conspiracy to commit securities fraud, conspiracy to commit wire fraud, and money laundering conspiracy. Karony and Smith have been arrested, while Nagy is currently at large. This is an ongoing story, and more information will be provided as it becomes available.

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Information	Details
Geography	North America
Countries
Sentiment	negative
Relevance Score	1
People	Kyle Nagy, John Karony, Thomas Smith
Companies	SafeMoon, Justice Department, United States Securities and Exchange Commission (SEC)
Currencies	None
Securities	None