Safemoon CEO On The Brink Of Losing Legal Representation Due To Lack of Funds

Safemoon CEO On The Brink Of Losing Legal Representation Due To Lack of Funds

John Karony, CEO of the bankrupt crypto firm SafeMoon, has experienced a setback in his legal defense following his attorneys’ decision to withdraw from the case. Karony is currently facing criminal charges for conspiracy to commit wire fraud, money laundering, and securities fraud in the US.
Karony’s Lawyers File Motion To Withdraw
Petrillo Klein & Boxer, Karony’s lawyers, have filed another motion to withdraw as counsel to the defendant due to “his lack of funds to pay for private counsel.” The lawyers had previously filed a motion dated January 22, 2024, where they made the same request due to their client’s lack of funds to pay for their services. 
In their most recent filing, the lawyers highlighted that Karony had gotten another counsel through the Criminal Justice Act. Judge Eric Komitee had, in his response to Petrillo Klein & Boxer’s initial motion, mentioned that non-payment of legal fees wasn’t a sufficient basis to permit an attorney’s withdrawal

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