Former SafeMoon LLC CEO Braden Karony will appear in Brooklyn federal court April 23 for his restitution hearing three months after receiving a 100-month sentence for misappropriating more than $200 million from approximately 90,000 investors in his digital asset company.
His defense attorney almost certainly spent months preparing for the February sentencing hearing. Yet restitution hearings typically receive a fraction of the preparation invested in sentencing.
Karony, who is appealing his May 2025 conviction on crypto fraud charges, will face a proceeding at the US District Court for the Eastern District of New York that will determine his financial obligations until death, obligations he can’t discharge through bankruptcy.
What’s at Stake
Federal restitution hearings operate under different rules than sentencing. The government bears the burden of proof by preponderance of evidence,…
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