Key Takeaways
- Do Kwon is dealing with new costs 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 fascinating in market manipulation.
Eight Counts of Fraud
Do Kwon’s authorized troubles maintain worsening.
Yesterday the USA Division of Justice filed a grievance towards Terra frontman Do Kwon, charging him with eight completely different counts of fraud: conspiracy to defraud, two counts of commodities fraud, two counts of securities fraud, two counts of wire fraud, and fascinating in market manipulation. The DOJ is looking for Kwon’s extradition to the U.S., in response to CoinDesk.
Kwon was apprehended yesterday in Montenegro, at Podgorica airport. Native media reported that the Terraform Labs CEO was trying to board a flight to Dubai through the use of 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 probably the most needed fugitives, South Korean citizen Do Kwon.” South Korean authorities later confirmed Kwon’s id by way of photographic knowledge and fingerprint data.
Along with the brand new costs dropped at him by U.S. prosecutors, Kwon can be dealing with legal costs in Montenegro for doc forgery. He is because of seem at this time at Podgorica’s Greater Courtroom for an extradition request listening to. It’s unclear whether or not Kwon might be extradited to South Korea or the USA; nonetheless, his arrest was initially carried out on a South Korean warrant.
Previous to his seize, Kwon had repeatedly said that he was “not on the run”, regardless of Interpol issuing a crimson discover for him in September—successfully making him a needed man in 195 completely different nations.
Disclosure: On the time of writing, the writer of this piece owned BTC, ETH, and a number of other different crypto belongings.