On Monday, a Montenegro court docket sentenced the disgraced Terra (LUNA) founder Do Kwon to 4 months in jail for trying to journey with a cast passport.
Kwon was first arrested in late March after attempting to board a flight to the United Arab Emirates (UAE) with a Costa Rican passport, which authorities claimed was cast.
The Terra founder has spent almost three months behind bars, time that can rely in direction of his four-month sentence, based on an announcement from a court docket in Podgorica, Montenegro’s capital metropolis.
Kwon tried to argue in court docket that he had acquired the Costa Rican passport by way of a reputable company and traveled everywhere in the world with it, based on the Korean information outlet Segye Ilbo.
Says the Terra founder,
“I stuffed out all of the paperwork and acquired a Costa Rican passport by way of an company in Singapore really helpful by a good friend. I bought my Belgian passport by way of one other company…
After I utilized for a Granada passport by way of the company, it was rejected, however once I utilized for a Costa Rica passport, there was no purpose to doubt as a result of the appliance was accepted.”
The decide quizzed Kwon in regards to 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 more likely to be the top of Kwon’s authorized issues.
Authorities in america and South Korea each need 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 “joyful to handle 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 might serve greater than 4 a long time behind bars.
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