SEC Charges SafeMoon Crypto Token and Executives With Fraud Over Unregistered Security Sales and Misuse of Investor Funds
- SEC charges SafeMoon crypto token and executives with fraud
- Allegations include unregistered sale of crypto asset security SafeMoon
- SEC says SafeMoon founders misappropriated investor funds for personal use
- Charges name SafeMoon founder Kyle Nagy and CEO John Karony
- SEC SafeMoon promised to take token "safely to the moon" but engaged in fraud
