Safemoon Executive Thomas Smith changes plea from "Not Guilty" to "Guilty". John Karony to follow?

DOMINO, BIATCH!

What is up ladies and gents. I'm back, and I'm still talking about Safe fucking moon!

I'll be real, the interest on this shit has turned up to 11 since the arrest of John Karony & Thomas Smith way back on Halloween 2023.

Where to begin?

The legal case has been fascinating. Thomas Smith and John were arrested. Thomas was let out on bail after agreeing to co-operate, whereas John was jailed in some grotty New York prison for 3 months. He got out on $3m bail, paid by his parents, in exchange for dropping the lawsuit he had on his own mother

To date, John's defense arguments have been as follows:

• Extraterritoriality - "You can't convict me under these US Laws because Safemoon runs on Binance Blockchain which isn't a US Blockchain"
  
• Public Disclosure - "Even though I made representations in plain English about the status of the Liquidity Pool locks, anyone could've followed the blockchain evidence and found that I was in fact acting in contradiction to my prior statements
  
• Public Authority Defense - "I spoke to an FBI Agent while I was working at Safemoon, and he didn't sanction my actions" (*Footnote, John hasn't submitted this as an actual defense, and the FBI Agent in question apparently had no understanding of Cryptocurrency)

As you can see, these aren't great arguments to combat charges of Wire Fraud, Securities Fraud and Money Laundering.

In fact, they all look like loopholes to me, and in lieu of any actual defense, in combination with the blockchain evidence, chat logs, private messages and social media posts that all corroborate the blockchain evidence, it sure seems like John is guilty as fuck.

So while all that's going on..

Today, after not really hearing from Thomas or his lawyers for a long time, Thomas Smith has officially entered into court to change his plea from "Not Guilty" to "Guilty"

What this means is that Thomas should be looked at slightly more favourably by the Government, instead of dragging out a trial. He could provide more information to help them secure a conviction against Karony, and might even avoid jailtime entirely, but that's my speculation.

That's Thomas and John... Where's Kyle Nagy?

So Kyle was the third executive charged by the DOJ & SEC. He was never arrested. Nobody knew where he was, for a very long time, until this salacious news story popped up from Russia of all places.

As a summary, Kyle was living with his family in Dubai when the indictments were unsealed. He had a Russian contact, who recommended he relocate to Russia and that this contact could get him a golden visa in exchange for $1m. When he got set up in Russia, he ran afoul of some corrupt FSB agents who continued to extort him, threatening violence against his family. Apparently, he went to the Russian police and submitted a legal complaint about them, which is how we know about it.

So which of the two punishments do Safemoon executives deserve? Federal prison, or a Russian gulag?