SafeMoon CEO Braden John Karony’s bail release order has been put on hold by United States federal prosecutors. They argue that Karony poses a flight risk due to his alleged access to funds and overseas connections, and that his release could be a danger to the community. The decision came after prosecutors challenged a Utah Magistrate judge’s decision to grant Karony a $500,000 bail.
The prosecutors claimed that the release order was given without considering Karony’s substantial financial means and ability to flee. They also highlighted the fact that if convicted, Karony could face up to 45 years in prison, which they argue provides a strong incentive for him to use his financial assets and foreign ties to avoid that outcome. Prosecutors further alleged that Karony provided very little information about his finances and could access assets totaling millions of dollars. They also pointed out that he has spent months outside the U.S. in Europe and the United Kingdom with his fiancée, a British citizen and resident.
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