Leicester

Quote, defendant's strategy was a success.

The misleading promotions and celebrity endorsements were able to artificially increase the interest in and price of the SafeMoon tokens during the class period, causing investors to purchase these losing investments at inflated prices.

Meanwhile, the company's executives, Caroni and Haynes Davies, conspired with the promoter defendants to sell the SafeMoon tokens to investors for a profit.

Stop.

This is of a class action lawsuit on behalf of safe food investors.

But the reason it's referring to promoters and celebrity endorsements is because the concept of getting celebs or getting influencers or somebody else to pitch the product, they're shilling and pumping the token, telling you to buy.

And you know, the names, I don't need to spell them out here.

Some of them were celebrities.

Some of them were Israeli YouTube influencers.

The point is,

Some of these were also named because of what they're doing.

They're telling buy, buy, buy, buy, buy.

But behind the scenes, the safe food team was alleged to be just draining off the project and pulling liquidity out for whatever they did without communicating to the investors that they were doing it.

Okay.

This one, I want you to think deeper than what it says.

I'll do the best I can to translate it, but I want, you have to kind of follow it cause it's a little bit over technical.

I'm going to skip some of the preface, but suffice to say, there was a developer of the project.

They hired on another one to build out the actual, the token at that time.

So we're not talking blockchain.

We're just talking to token at this point on finance, smart chain.