Do Kwon Sentenced To 4 Months In Montenegrin Jail For Passport Crime
- Do Kwon, former CEO of Terra, has been convicted of using forged passports in Montenegro and sentenced to four months in prison.
- Kwon had been on the run for six months before being arrested in the VIP lounge of Podgorica Airport in March.
Disgraced crypto king Do Kwon has been convicted of using forged passports in Montenegro and sentenced to four months in prison. He is also wanted by US prosecutors on fraud charges.
On Monday, a Montenegrin court convicted Do Kwon, the disgraced former CEO of Terra, and his associate Han Chang-Joon of using forged Costa Rican passports to try to leave the country on a private jet. The court sentenced both men to four months in prison.
This case has made headlines for months, and it is not difficult to see why. Kwon’s past actions have caught up with him, and he now faces charges for fraud stemming from the collapse of Terra last May. US prosecutors have been seeking his extradition for some time, and South Korean authorities want to try Kwon and Han on similar charges.
Kwon’s defense in the Costa Rican passport case was that he believed the passport he bought through a Singapore agency was a legitimate “golden passport” for affluent applicants looking to fast-track citizenship in certain countries. However, the court rejected his explanation.
The pair had been on the run for six months before being arrested in March at the VIP lounge of Podgorica Airport. Kwon and Han now face extradition to both the US and South Korea. The extradition process is only beginning to commence, and it remains to be seen whether they will be extradited.
As this story develops, it will be interesting to see how the various legal proceedings unfold and the ultimate outcome for Kwon and Han. For now, we can only wait and watch as the wheels of justice turn.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu