The founders of a cryptocurrency once touted by Barstool Sports founder Dave Portnoy have been accused of defrauding investors and using their money to buy real estate and a stable of high-end cars including a custom-made Porsche. The Justice Department and the Securities and Exchange Commission filed suit on Wednesday against three tech moguls behind SafeMoon, the crypto token that saw a 19,000% gain in its value during the digital currency boom of 2021. The defendants in what the DOJ called a “multimillion-dollar fraud” were named as software developers Thomas Smith, Kyle Nagy, and Braden Karony. Smith was arrested ... (full story)