Local Man Indicted At Federal Court For Crypto Fraud, Money Laundering Scheme | Local News | caledonianrecord.com

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A Bethlehem resident was one of three men indicted at federal court in Brooklyn, New York last week for what prosecutors said was an international crypto-currency scheme that bilked investors out of millions of dollars.Thomas “Papa” Smith, 35, who in 2021 became a principal in the Utah-registered SafeMoon US LLC and had called himself its…

A Bethlehem resident was one of three men indicted at federal court in Brooklyn, New York last week for what prosecutors said was an international crypto-currency scheme that bilked investors out of millions of dollars.Thomas “Papa” Smith, 35, who in 2021 became a principal in the Utah-registered SafeMoon US LLC and had called himself its chief technology officer, is accused, along with his two partners, of lying to investors and diverting investor money for his own use for the purchase of real estate, luxury vehicles, and personal investments.kAm$>:E9 😀 492C865 H:E9 @?6 4@F?E 6249 @7 4@?DA:C24J E@ 4@>>:E D64FC:E:6D 7C2F5[ H:C6 7C2F5[ 2?5 >@?6J =2F?56C:?8]k^Am kAm%96 H:C6 7C2F5 2?5 >@?6J =2F?56C:?8 492C86D 6249 42CCJ 2 >2I:>F> D6?E6?46 @7 FA E@ a_ J62CD 😕 AC:D@? 2?5 E96 D64FC:E:6D 7C2F5 4@F?E 2 >2I:>F> @7 ad J62CD]k^Am kAmp=D@ 492C865 2C6 qC256? y@9? z2C@?J[ af[ E96 4@>A2?J’D rt~ @7 !C@G@[ &E29[ 2?5 zJ=6 }28J[ bd[ @7 ‘6C@ q6249[ u=@C:52]k^Am kAmp44@C5:?8 E@ E96 42D6 DF>>2CJ[ $>:E9 92D A=62565 ?@E 8F:=EJ E@ 2== 4@F?ED 2?5 H2D C6=62D65 @? 2 Sd__[___ 3@?5 WAC@D64FE@CD 925 2D :==:@?X 2D 9:D 42D6 A6?5D]k^Am kAmpD @7 uC:52J[ ?@ 4@FCE 52E6D 925 366? D6E]k^Am kAmp44@C5:?8 E@ E96 ahA286 :?5:4E>6?E[ }28J[ 😕 |2C49 a_a`[ 925 C64CF:E65 $>:E9 2?5 z2C@?J E@ ;@:? E96 $276|@@? AC@;64E[ H9:49 E96J E96? >2C |2C49 a_a` E9C@F89 yF?6 a_ab[ $276|@@? &$ {{r[ FD:?8 AF3=:4 3=@4 @7 5:8:E2= 4FCC6?4J 2D @AA@D65 E@ 2 46?EC2=:K65 2FE9@C:EJ E9C@F89 2 32? 6?E]k^Am kAmt249 $|u EC2?D24E:@? H2D DF3;64E E@ 2 `_A6C46?E E2I]k^Am kAmpD >2C 2C 2C @C6 E92? Sg 3:==:@?]k^Am kAm$:?46 :ED =2F?49[ $u| 925 >@C6 E92? a >:==:@? 9@=56CD]k^Am kAmp 56A@D:E@C H9@ 96=5 =:BF:5:EJ A@@= E@ E@ @G6 E96 4@CC6DA@?5:?8 =:BF:5:EJ 7C@> E96 >2C :DC6AC6D6?E65 E@ :?G6DE@CD G2C:@FD 2DA64ED @7 E96 $|u @776C:?8[ :?4=F5:?8 H92E E96J D2:5 H2D $u| C6=J:?8 @? 2 “=@4 E96 EC2?D24E:@? E2I E@ AC6G6?E 2?J@?6 2E $276|@@? 7C@> 5@:?8 2 “CF8 AF==” W2 7@C> @7 4CJAE@ 7C2F5X E@ 6?C:49 $276|@@? 56G6=@A6CD[ 2?5 E96J >:D2AAC@AC:2E65 >:==:@?D @7 5@==2CD “@7 AFCA@CE65=J ‘=@4 :D2AAC@AC:2E6 >:==:@?D @7 5@==2CD H@CE9 @7 E@ 2C :==:@?D @7 5@==2CD 😕 AC@7:ED[ D2:5 2FE9@C:E:6D]k^Am kAm“%96 5676?52?ED >2D @G6>6?E @7 E96 7C2F5F=6?E AC@4665D G:2 ?F>6C@FD AC:G2E6 F?9@DE65 4CJAE@ H2==6E 255C6DD6D[ 4@>A=6I EC2?D24E:@? C@FE:?8[ 2?5 AD6F5@?J>@FD 46?EC2=:K65 6I492?86 244@F?ED[” D2:5 AC@D64FE@CD] “%96 5676?52?ED FD65 D@>6 @7 E96D6 AC@4665D E@ AFC492D6 =FIFCJ G69:4=6D 2?5 C62= 6DE2E6 😕 }6H w2>AD9:C6[ &E29[ 2?5 u=@C:52] $>:E9[ 7@C 6I2>A=6[ FD:?8 4CJAE@4FCC6?4J 255C6DD6D 96 4@?EC@==65[ D6?E a[h__ q:?2?46 r@:? Wq}qX H@CE9 >@C6 E92? 2AAC@I:>2E6=J Sge_[___ 2?5 EC24623=6 E@ E96 $u| =:BF:5:EJ A@@= E@ 2 E9:C5 A2CEJ’D 4CJAE@4FCC6?4J 255C6DD 😕 @C56C E@ AFC492D6 2 4FDE@> !@CD496 h“ DA@CED 42C 2?5 ?@?7F?8:3=6 E@ 6?E[ &]$] pEE@C?6J qC6@? !6246 D2:5[ “pD 2==6865[ E96 5676?52?ED 56=:36C2E6=J >:D=65 :?G6DE@CD 2?5 5:G6CE65 >:==:@?D @7 5@==2CD E@ 7F6= E96:C 8C665J D496>6 2?5 6?C:49 E96>D6=G6D 3J AFC492D:?8 2 4FDE@> !@CD496 DA@CED 42C[ @E96C =FIFCJ G69:4=6D 2?5 C62= 6DE2E6] pD 7C2F5DE6CD :?4C62D:?8=J FD6 5:8:E2= 2DD6ED E@ >:D=625 :?G6DE@CD 2?5 >:D2AAC@AC:2E6 7F?5D[ @FC @77:46 H:== 36 2E E96 7@C67C@?E @7 AFCDF:?8 E96> 2?5 E96:C :==8@EE6? 82:?D] (6 H:== 4@?E:?F6 @FC 7@4FD 😕 E96 5:8:E2= 2DD6E DA246 2?5 3C:?8 E9@D6 H9@ 567C2F5 :?G6DE@CD 😕 E9:D 2C62 E@ ;FDE:46]”k^Am kAmw6 E92? >:DD:@? 7@C :ED 2DD:DE2?46]k^Am kAm“%@52J[ ?@ =FIFCJ G69:4=6D @C DAC2H=:?8 C62= 6DE2E6 42? [AC@E64E](mailto:AC@E64E),E96 5676?52?ED.7C@> E96 4@?D6BF6?46D @7 DF49 4C:>6D[” D2:5 xG2? y] pCG6=@[ DA64:2= 286?E 😕 492C86 @7 w@>6=2?5 $64FC:EJ x?G6DE:82E:@?D[ }6H *@C 6C:42? 7:?2?4:2= DJDE6> 7@C E96:C @H? 82:?]”k^Am kAm“p=E9@F89 E9:D 7C2F5 D496>6 >2J 36 4@>A=6I[ E96 6?5 C6DF=E 😀 D:>A=6—E967E[” D2:5 %9@>2D u2EE@CFDD@[ DA64:2= 286?E:?492C86 @7 E96 x#$’D 4C:>:?2= :?G6DE:82E:@? 3FC62F] “x?G6DE@CD H6C6 2DDFC65 E96:C >@?6J H@F=5 36 D276 H9:=6 E96 5676?52?ED 2==6865=J >:D=65 :?G6DE@CD 2?5 5:G6CE65 >:==:@?D @7 5@==2CD E@ =:?6 E96:C A@4 :==:@?D 😕 5:G6CE65 7F?5D 2?5 2CC6DE E96 A6CA6EC2E@CD @7 E9:D 4@?]”k^Am kAmp44@C5:?8 E@ E96 :?5:4E>6?E[ $>:E9 2?5 9:D 4@5676?52?ED[ :7 4@?G:4E65[ 7246 4C:>:?2= 7@C76:EFC6 24E:@?[ >62?:?8 E96J H:== 36 C6BF:C65 E@ 8:G6 FA 2?J C62= 6DE2E6 2?5 A6CD@?2= AC@A6CEJ 56C:G65 7C@> E96 D496>6]k^Am.

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