Sentencing is due on January 16th 2026.
The US Prosecution has replied to Karony's defense counsel who recommended a pathetic 1 year and 1 day sentence as the absolute maximum. The Government details a very conservative estimate on how much money Karony profited (almost $10m) from lying to Safemoon investors on access and usage of the Safemoon Liquidity Pool.
They also produced some victim statements, some of which hit hard:
“The consequences of this situation were severe in several areas of my life. I can’t say that my seven-year relationship ended solely due to the financial loss, but it is undeniable that this factor contributed decisively to the breakup.
“I have painfully suffered the burden of losing opportunities to become a first-time home owner and the loss of additional earning capacity to support both my family and I financially.”
“On a daily basis, I am tormented by the knowledge that all I ever had was lost to Safemoon’s fraud, and it makes me sick every time I think about it. I don’t expect to ever come to terms with it"
“I invested the majority of my life savings in this coin. . . It will take another 15 years to make up those savings again. . . . My health declined and my work suffered due to the constant stress about what happened to my money.”
Additionally, Karony has not shown any guilt or remorse. The Government was keen to show screenshotted tweets & updates to Karony's social media profiles which demonstrate a total lack of understanding or remorse, and even poking fun at being arrested and temporarily incarerated in NYC.
Moreover, Karony’s conduct leading up to, during and trial demonstrates his lack of respect for the law and how unserious he views the criminal proceeding before this Court. For example, Karony’s LinkedIn lists “Unwilling Guest at Brooklyn MDC” under his employment, demonstrating how flippantly he views his criminal liability.
A 12-year sentence is also necessary to adequately deter the defendant. ...This is not a case in which the defendant has accepted responsibility for his conduct and expressed remorse. On those facts, a court may consider whether the interests of specific deterrence have been served by prosecution. By contrast, Karony has expressed no remorse and acknowledged no mistakes. A severe sentence is necessary to deter the defendant personally.
So once again, Karony's massive fucking ego screw him over as he's now looking at more years added to his sentence because he couldn't stop being a jerk and running his mouth on social media.
On January 16th, the Judge will weigh up Karony's arguments and the Government's arguments and from there will sentence Karony. But the fun doesn't end, because then the SEC will begin litigation - imposing fines & penalties on Karony. He also evaded tax by not submitting tax returns to the IRS despite "earning" millions of dollars, and he is also getting cleaned out by the Class Action lawyers in Bankruptcy court.
All in all, he's getting a fucking reaming and I couldn't think of anyone who deserved it more.
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