Key takeaways
- Dr Kwon faces new expenses in the US and Montenegro.
- US prosecutors are charging him with eight counts of fraud, whereas Montenegrin police are charging him with doc forgery.
- Kwon was arrested in Montenegro yesterday at Podgorica airport.
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Do Kwon has been charged by US prosecutors with participating in commodities fraud, securities fraud, wire fraud and market manipulation.
Eight counts of fraud
Du Quan’s authorized troubles continued to mount.
Yesterday the US Division of Justice Filed a grievance In opposition to Terra frontman Do Kwon, he was charged with eight separate 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. In accordance with CoinDesk, the DOJ is searching for Kwon’s extradition to the US.
Kwon was caught up Yesterday in Montenegro, at Podgorica Airport. Native media knowledgeable That the CEO of Terraform Labs was making an attempt to board a flight to Dubai utilizing a faux Costa Rican passport. He additionally had South Korean and Belgian journey paperwork.
Kwon’s arrest was introduced by Montenegrin Inside Minister Filip Adzic, who introduced on Twitter that Montenegrin police had detained “one of the vital needed fugitives, a suspect of South Korean citizen Do Kwon”. South Korean officers later confirmed Kwon’s identification by photographic information and fingerprint data.
Along with the brand new expenses introduced in opposition to him by US prosecutors, Kwon additionally faces legal expenses in Montenegro for doc forgery. He is because of seem right this moment on the Excessive Courtroom in Podgorica for an extradition request listening to. It’s unclear whether or not Kwon will probably be extradited to South Korea or the US; Nonetheless, his arrest was initially carried out on a South Korean warrant.
Earlier than his seize, Kwon repeatedly advised Though Interpol issued a pink discover for him in September – he was “not on the run” – 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.
