Do Kwon arrested

[crwth]

In Korea, a new law has been passed under which Do Kwon will receive life in prison. In the United States, he will receive several decades of imprisonment if he gives up everything and cooperates with the authorities.
In Montenegro he can buy his freedom and justice because he has a lot of money. Therefore, Do Kwon will try to stay in Montenegro as much as possible.

@crwth, according to my understanding, Do Kwon only succeeded in postponing the extradition decision, but I don't see that in the end he won't be extradited to one of the countries that are looking for him. I read that what he is accused of is that he can get a life sentence in South Korea as well, and I'm not sure what kind of punishment he can hope for in the US.

It is possible that the sentence there would be smaller, because one of the recent topics deals with a fraud of as much as $1.89 billion and the sentences for the perpetrators are 5-10 years in the US. What seems to me is that the South Korean authorities are much more interested in Do Kwon's extradition, and his associate was escorted to his homeland by a whole team of agents from South Korea.

To all this, it should be added that an investigation was recently requested into the entry of DO Kwon from Serbia into Montenegro, given that he did not do so legally. Some influential names of Montenegrin politicians who participated in it are even mentioned.

Thank you for the explanation guys. It seems that it's getting really interesting how things are turning out with all the scamming, masterminds playing with emotions and money to make a quick buck, loads and loads of money. The South Korean authorities probably want him to take responsibility and I think it's very important for them to take action knowing he is a Korean.

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[Lucius]

Thank you for the explanation guys. It seems that it's getting really interesting how things are turning out with all the scamming, masterminds playing with emotions and money to make a quick buck, loads and loads of money. The South Korean authorities probably want him to take responsibility and I think it's very important for them to take action knowing he is a Korean.

When you see how various criminals pass in front of the US judiciary, you are not surprised that Do Kwon obviously wants to avoid being extradited to South Korea at all costs. I heard a long time ago about the case of the company Centra, which was run by the notorious criminal Raymond Trapani, and now a documentary about him and that company has appeared on N, where a man who literally admits that he wants to be a criminal and that he stole tens of millions of dollars from people all over the world after the trial does not get not a single day in prison because he cooperated with the authorities.

I assume that by delaying the extradition, Do Kwon is probably trying to reach some sort of agreement with the US authorities, and of course, in that agreement, he would receive a minimal sentence with his cooperation.

[Upgrade00]

When you see how various criminals pass in front of the US judiciary, you are not surprised that Do Kwon obviously wants to avoid being extradited to South Korea at all costs.

In my assumption, the U.S tends to not handle financial crime cases the way it is handled in some Asian countries. For the United States they look for the best possible scenario, so being able to get Intel on many others involved in the crime or similar ones at the expense of a lighter sentence for the convicted criminal is an easy deal.

Some other countries see the prosecutions as a deterrent to others and want to make a public show of the punishments, which should be as stringent as possible.

[crwth]

When you see how various criminals pass in front of the US judiciary, you are not surprised that Do Kwon obviously wants to avoid being extradited to South Korea at all costs. I heard a long time ago about the case of the company Centra, which was run by the notorious criminal Raymond Trapani, and now a documentary about him and that company has appeared on N, where a man who literally admits that he wants to be a criminal and that he stole tens of millions of dollars from people all over the world after the trial does not get not a single day in prison because he cooperated with the authorities.

I assume that by delaying the extradition, Do Kwon is probably trying to reach some sort of agreement with the US authorities, and of course, in that agreement, he would receive a minimal sentence with his cooperation.

Upon researching the documentary, it's entitled "Bitconned". It's now on my watchlist. It seems like an interesting documentary for Bitcoin and also educational purposes.

It can be similar to that situation but is there any known accomplices with Do Kwon that they may try for a bigger fish to catch or something?

[Lucius]

Upon researching the documentary, it's entitled "Bitconned". It's now on my watchlist. It seems like an interesting documentary for Bitcoin and also educational purposes.

Yes, it's that documentary - and I avoided watching it for a long time because I don't like stories where criminals get away without any punishment. It's really incredible what a man did without getting any punishment for it.

It can be similar to that situation but is there any known accomplices with Do Kwon that they may try for a bigger fish to catch or something?

What I do know is that there were a lot of famous people who promoted that project, and the famous Michael Novogratz tattoo was remembered as one of the dumber moves. Also, not so long before everything went downhill, CZ and his CEX were promoting these tokens/stablecoins as a "safe investment", and accordingly it seems to me that Do Kwon has something to offer the US authorities for some sort of settlement.

[crwth]

Yes, it's that documentary - and I avoided watching it for a long time because I don't like stories where criminals get away without any punishment. It's really incredible what a man did without getting any punishment for it.

This is really effed up and people can say that "they got away with it" but that's just how it happens TBH.

What I do know is that there were a lot of famous people who promoted that project, and the famous Michael Novogratz tattoo was remembered as one of the dumber moves. Also, not so long before everything went downhill, CZ and his CEX were promoting these tokens/stablecoins as a "safe investment", and accordingly it seems to me that Do Kwon has something to offer the US authorities for some sort of settlement.

This is really getting juicy. More and more people are getting tangled and I now understand why he has to delay it or something to get even a better deal. That claim with the "safe investment" thing is probably nuts to claim and a lot of people believed in it and someone needs to get charged with it. Technically it has been already though, Do Kwon, but who is even bigger? CZ is right but is there something that could stick? We will see now how this goes.

[zasad@]

When you see how various criminals pass in front of the US judiciary, you are not surprised that Do Kwon obviously wants to avoid being extradited to South Korea at all costs.

In my assumption, the U.S tends to not handle financial crime cases the way it is handled in some Asian countries. For the United States they look for the best possible scenario, so being able to get Intel on many others involved in the crime or similar ones at the expense of a lighter sentence for the convicted criminal is an easy deal.

Some other countries see the prosecutions as a deterrent to others and want to make a public show of the punishments, which should be as stringent as possible.

The US budget makes a lot of money by taking away billions of dollars from such scammers. And the procedure for returning money to victims will be very long and many investors will not have enough funds and opportunities to qualify for payments.
But the criminal's agreement with the United States is valid only if he returns all the funds to the government. If the violation is discovered even after serving the sentence, the offender will receive a life sentence or more.
And this does not mean that after the trial in the United States, Korea will not stop hunting for Do Kwon.

[Lucius]

~snip~
But the criminal's agreement with the United States is valid only if he returns all the funds to the government. If the violation is discovered even after serving the sentence, the offender will receive a life sentence or more.
And this does not mean that after the trial in the United States, Korea will not stop hunting for Do Kwon.

I have already mentioned the case of the Centra scam and the person who was behind everything, so although it is mentioned that about 100 000 ETH were returned (unofficially), the man completely avoided prison for a fraud of tens of millions of dollars only because he cooperated (put the blame on the associates). Immediately after the verdict, he buys a luxury house, drives luxury cars, and no one asks him where he got the money for all that.

Don't be fooled that the laws apply the same to everyone, because it is more than obvious that everything is a matter of agreement, the ability of lawyers and the lobbying of influential people.

[zasad@]

~snip~
But the criminal's agreement with the United States is valid only if he returns all the funds to the government. If the violation is discovered even after serving the sentence, the offender will receive a life sentence or more.
And this does not mean that after the trial in the United States, Korea will not stop hunting for Do Kwon.

I have already mentioned the case of the Centra scam and the person who was behind everything, so although it is mentioned that about 100 000 ETH were returned (unofficially), the man completely avoided prison for a fraud of tens of millions of dollars only because he cooperated (put the blame on the associates). Immediately after the verdict, he buys a luxury house, drives luxury cars, and no one asks him where he got the money for all that.

Don't be fooled that the laws apply the same to everyone, because it is more than obvious that everything is a matter of agreement, the ability of lawyers and the lobbying of influential people.

Whoever handed everyone over to the police first is the witness
I don’t think that this will be a similar case where the fraudster escapes punishment, otherwise the US judicial system will no longer be respected throughout the world. If there are charges from citizens in the United States, Do Kwon will receive a significant prison sentence. I think that negotiations are underway now, and if Do Kwon is not in a hurry to go to the USA, then his prospects are bad.

[sokani]

It looks the dodging game has come to an end and the US has won the extradition battle to have Do Kwon tried in an american court according to news from multiple sources. The battle of who gets to taste the first sip of the wine has been lingering for a while now between the two nations and the high court of Podgorica in Montenegro has finally reached a verdict on Do Kwon's extradition case.

https://cointelegraph.com/news/terraform-do-kwon-extraditon-united-states-montenegrin-court

[zasad@]

It looks the dodging game has come to an end and the US has won the extradition battle to have Do Kwon tried in an american court according to news from multiple sources. The battle of who gets to taste the first sip of the wine has been lingering for a while now between the two nations and the high court of Podgorica in Montenegro has finally reached a verdict on Do Kwon's extradition case.

https://cointelegraph.com/news/terraform-do-kwon-extraditon-united-states-montenegrin-court

I would not put an end to this matter. I know that preparation for extradition can last 6 months minimum, and sometimes it takes more than a year. And during this time we will hear a lot more news or Do Kwon’s lawyers will come up with ways to delay this process.

[sokani]

I would not put an end to this matter. I know that preparation for extradition can last 6 months minimum, and sometimes it takes more than a year. And during this time we will hear a lot more news or Do Kwon’s lawyers will come up with ways to delay this process.

You're not wrong, even the extradition date was not disclosed in the news and the process may take longer than expected. Who knows, Do Kwon's lawyer like you said may still have some tricks up his sleeve to halt the extradition process.

On a personal perspective, I'd like to have him tried in the United States because I believe in his home country he'd easily influence the judicial process than in the United States, but I may be wrong.

[Lucius]

The High Court in Podgorica made a decision to extradite Do Kwon to the US, but the problem is that there is currently a political dispute over who is responsible for this extradition - the authorities cannot agree whether the High Court or the Minister of Justice. In addition to all this, his lawyers claim that the decision is illegal and announce a lawsuit - and that speaks for itself - a country where the decisions of the High Court are not respected can hardly be called a country where there is a rule of law.

[zasad@]

I would not put an end to this matter. I know that preparation for extradition can last 6 months minimum, and sometimes it takes more than a year. And during this time we will hear a lot more news or Do Kwon’s lawyers will come up with ways to delay this process.

You're not wrong, even the extradition date was not disclosed in the news and the process may take longer than expected. Who knows, Do Kwon's lawyer like you said may still have some tricks up his sleeve to halt the extradition process.

On a personal perspective, I'd like to have him tried in the United States because I believe in his home country he'd easily influence the judicial process than in the United States, but I may be wrong.

Under Korean law, Do Kwon will receive life imprisonment. In Korea, the laws for such fraud are more severe.

The High Court in Podgorica made a decision to extradite Do Kwon to the US, but the problem is that there is currently a political dispute over who is responsible for this extradition - the authorities cannot agree whether the High Court or the Minister of Justice. In addition to all this, his lawyers claim that the decision is illegal and announce a lawsuit - and that speaks for itself - a country where the decisions of the High Court are not respected can hardly be called a country where there is a rule of law.

hahaha. I can't comment on this without laughing.
I wrote that Do Kwon has more money than the country’s annual budget, and the authorities, under any pretext, will make sure that Do Kwon stays in Montenegro as much as possible.
If he had stolen a million, he would have been deported to the USA long ago.

[stompix]

When you see how various criminals pass in front of the US judiciary, you are not surprised that Do Kwon obviously wants to avoid being extradited to South Korea at all costs.

He wants to go to South Korea not the US, his lawyer is actually trying pretty hard to make that happen
https://blockworks.co/news/do-kwon-extradition-troubles

A declaration from Kwon’s lawyer, Goran Rodić, in Montenegro accompanied the letter filed by the law firm on Monday. He said that the High Court in Montenegro ruled that Kwon should be extradited to the US because it believed that the US was the first to make the extradition request. A fact, he added, that is inaccurate.

There is nothing surprising about this, SK and the USA have a treaty in place, and according to the double jeopardy clauses he will not be chaged in another country if one has already sentenced him for the crime, so he is seeking to go to South Korea because the initial charges were carrying less of a punishment, he is facing 5 years in prison in SK for breaching of capital markets law and up to lifetime for fraud, but in the US he faces two charges (out of 8 counts) for wire fraud, each of them could land him in prison for 40 years while commodities fraud alone can get him another 25, so of course he's betting on not the maximum in SK, gambling on not being convicted on a law that was enacted after his crime happened and being judged on previous terms so no life term.

[zasad@]

This is of course very ridiculous, but it seems to me that the issue here is not about justice, but about the hunt for Do Kwon’s money. A lenient sentence in both countries will only be given if he returns all the money to the budget of the country where the trial will take place.
And Montenegro is in no hurry to give the “golden antelope” to other countries

[Lucius]

Terra founder Do Kwon will be extradited from Montenegro to South Korea to face criminal charges over the collapse of his crypto enterprise after March 23, his lawyer told CoinDesk.

The legal circus continues, the high court has now made a decision according to which Do Kwon should still be extradited to South Korea after serving his sentence for possession of forged documents. It is not known whether his lawyers will appeal the decision again, but it is known that the US, which is still seeking his extradition, will appeal the decision.

From a legal point of view, the US should have priority in this particular case under Montenegrin law, because the US submitted the request for extradition 1 day before South Korea did.

[zasad@]

ha-ha-ha
https://www.theblock.co/post/284071/montenegro-prosecutor-contests-do-kwon-extradition?
Montenegro’s top prosecutor contests Do Kwon’s South Korea extradition
"Montenegro’s Supreme State Prosecutor’s Office said the court’s decision to extradite Do Kwon to South Korea overstepped its authority.
Kwon, behind Terra-Luna’s $40 billion collapse of 2022, was arrested in Montenegro last year."

___
Well, you understand that until Do Kwon’s money runs out, politicians can play this game for a very long time.

[chotu1]

According to Bankless, Do Kwon (The founder of Luna/USDT) has been arrested in Montenegro:

https://twitter.com/BanklessHQ/status/1638891838881910785

Founder of UST. Not USDT.

Almost 1 year of his arrest. I want this man to rot in hell. Lost my life savings in UST.

[stompix]

It looks the dodging game has come to an end and the US has won the extradition battle to have Do Kwon tried in an american court according to news from multiple sources.

Not even close:

Two days ago:
Montenegro Court Confirms Crypto Mogul’s Extradition to South Korea

The Montenegrin Court of Appeals has rejected the appeals of the defence for the fugitive founder of the collapsed cryptocurrency Terra, Do Kwon, and confirmed the previous decision of the Higher Court from March 6, allowing his extradition to his homeland of South Korea instead of the United States.

Then one day ago:
https://cointelegraph.com/news/do-kwon-extradition-montenegro-supreme-court

In a March 21 announcement, prosecutors said they requested a protection of legality before the Supreme Court of Montenegro following an appeal to stop Kwon’s extradition to South Korea. According to the request, the appellate court violated procedure in rejecting an appeal from Kwon’s legal team. It argued only the Supreme Court had the authority to adopt a legal decision in the case.

If someone has run out of popcorn, go refill cause this ain't over!
And this is just the extradition, wait till the trial begins, then all the delays, then the sentencing, I would say it's better to buy the popcorn by the 100-kilo bag as I don't see this ending this year without a miracle!