A Utah CEO is Sentenced to 100 Months in Federal Prison and Ordered to "Forfeit" $7.5 Million He Absconded Through his Fraudulent Activities
In 2021, Pleasant Grove, Utah-based SafeMoon launched its decentralized "SafeMoon" digital asset token, a cryptocurrency which, at one point, rose to a value of over $8 billion in part because of fraudulent claims insiders at the company would be unable to access said digital assets.
In reality, in
