On Monday, a Montenegro courtroom sentenced the disgraced Terra (LUNA) founder Do Kwon to 4 months in jail for making an attempt to journey with a solid passport.
Kwon was first arrested in late March after making an attempt to board a flight to the United Arab Emirates (UAE) with a Costa Rican passport, which authorities claimed was solid.
The Terra founder has spent almost three months behind bars, time that may depend in direction of his four-month sentence, in accordance with an announcement from a courtroom in Podgorica, Montenegro’s capital metropolis.
Kwon tried to argue in courtroom that he had acquired the Costa Rican passport by a respectable company and traveled all around the world with it, in accordance with the Korean information outlet Segye Ilbo.
Says the Terra founder,
“I crammed out all of the paperwork and acquired a Costa Rican passport by an company in Singapore advisable by a buddy. I acquired my Belgian passport by one other company…
After I utilized for a Granada passport by the company, it was rejected, however after I utilized for a Costa Rica passport, there was no motive to doubt as a result of the applying was accepted.”
The decide quizzed Kwon concerning the identify of the company, although the Terra founder reportedly replied that he couldn’t recollect it.
“It’s in Chinese language, however I can’t bear in mind precisely.”
The comparatively brief jail sentence in Montenegro isn’t prone to be the tip of Kwon’s authorized considerations.
Authorities in the US and South Korea each wish to extradite the disgraced crypto govt, who’s dealing with a number of costs arising from the $40 billion crash of the Terra ecosystem and its stablecoin TerraUSD (UST).
Kwon claimed on Twitter in February that he’d “stolen no cash and by no means had ‘secret cashouts.’” He additionally mentioned he was “completely satisfied to deal with any particular allegations” – although it stays unclear if he’s ever addressed the allegations in any public discussion board.
Dan Sunghan, the director of the monetary crime investigation bureau on the Seoul Southern District Prosecution Service, tells Bloomberg that Kwon may serve greater than 4 many years behind bars.
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