Key Takeaways
- Do Kwon is going through new fees in the USA and Montenegro.
- U.S. prosecutors are charging him with eight counts of fraud, whereas Montenegrin police are charging him with doc forgery.
- Kwon was arrested yesterday in Montenegro, at Podgorica airport.
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Do Kwon is being accused by U.S. prosecutors of committing commodities fraud, securities fraud, wire fraud, and interesting in market manipulation.
Eight Counts of Fraud
Do Kwon’s authorized troubles hold worsening.
Yesterday the USA Division of Justice filed a criticism in opposition to Terra frontman Do Kwon, charging him with eight totally different counts of fraud: conspiracy to defraud, two counts of commodities fraud, two counts of securities fraud, two counts of wire fraud, and interesting in market manipulation. The DOJ is looking for Kwon’s extradition to the U.S., in accordance with CoinDesk.
Kwon was apprehended yesterday in Montenegro, at Podgorica airport. Native media reported that the Terraform Labs CEO was making an attempt to board a flight to Dubai by utilizing a pretend Costa Rican passport. He was additionally carrying South Korean and Belgian journey paperwork.
Kwon’s arrest was made public by Montenegrin Minister of Inner Affairs Filip Adžić, who introduced on Twitter that Montenegrin police had detained “an individual suspected of being one of the needed fugitives, South Korean citizen Do Kwon.” South Korean authorities later confirmed Kwon’s identification by way of photographic knowledge and fingerprint info.
Along with the brand new fees delivered to him by U.S. prosecutors, Kwon can be going through felony fees in Montenegro for doc forgery. He is because of seem at present at Podgorica’s Increased Court docket for an extradition request listening to. It’s unclear whether or not Kwon will likely be extradited to South Korea or the USA; nevertheless, his arrest was initially carried out on a South Korean warrant.
Previous to his seize, Kwon had repeatedly acknowledged that he was “not on the run”, regardless of Interpol issuing a pink discover for him in September—successfully making him a needed man in 195 totally different nations.
Disclosure: On the time of writing, the creator of this piece owned BTC, ETH, and several other different crypto property.
