Do Kwon arrested

[darkangel11]

It's important to remember that an arrest doesn't necessarily mean guilt, and we should wait for more information before making any assumptions.

It does not, but in case of Kwon, I'd say he's guilty but his arrest doesn't yet mean that he'll be found guilty and sentenced by a judge. He should be though.
I'm not sure if the coin was made as a scam from the beginning or he decided to make it a scam along the way, but the end result is the same - luna was a scam coin.
When it imploded the guy took all the money that was left and went on the run. Karpeles was guilty of cooking his books, but he didn't run. It's sad that there's so many dirty people in crypto. It's only a matter of time before CZ takes the fall like Do Kwon, SBF and others.

[safar1980]

Do Kwon’s Passport Has Become Fatal for his Arrest; Report Says
FatMan tweeted that Do Kwon was arrested as the police became suspicious of his fake passport.
The analyst referred to DLNews’ post that explains the interview with Haris Sabotic.
Sabotic told that two wanted Koreans were caught on suspicion of using false Costa Rican passports.

[zasad@]

https://www.benzinga.com/markets/cryptocurrency/23/04/31865172/do-kwons-lavish-serbian-hideaway-inside-the-crypto-magnates-secret-sanctuary
Serbian authorities have confiscated a €2 million luxury apartment in Belgrade where Terraform Labs founder Do Kwon sought refuge during a six-month pursuit, according to Serbian prosecutor Branko Stamenkovic.
__
This story has a big sequel. While Do Kwon is being held in a good prison in Montenegro for a fake passport, some of the money that will be useful for the budget of Montenegro will be taken from him. I am still sure that the authorities of Montenegro will not soon give the golden antelope to the USA or Korea.

[Ryu_Ar1]

https://www.benzinga.com/markets/cryptocurrency/23/04/31865172/do-kwons-lavish-serbian-hideaway-inside-the-crypto-magnates-secret-sanctuary
Serbian authorities have confiscated a €2 million luxury apartment in Belgrade where Terraform Labs founder Do Kwon sought refuge during a six-month pursuit, according to Serbian prosecutor Branko Stamenkovic.
__
This story has a big sequel. While Do Kwon is being held in a good prison in Montenegro for a fake passport, some of the money that will be useful for the budget of Montenegro will be taken from him. I am still sure that the authorities of Montenegro will not soon give the golden antelope to the USA or Korea.

This is a big catch for Serbia and they will definitely not let others intervene first because this can be considered as an advantage especially in this case the 2 extraditions that were arrested because it was not only Do Kwon but also Han Chang-joon who was also one of the officials responsible.

from here there are also some conditions where he is currently asking for a motion to have the charges dropped by the SEC on the grounds that the SEC's claims are invalid in its charges.

[cryptomaniac_xxx]

https://www.benzinga.com/markets/cryptocurrency/23/04/31865172/do-kwons-lavish-serbian-hideaway-inside-the-crypto-magnates-secret-sanctuary
Serbian authorities have confiscated a €2 million luxury apartment in Belgrade where Terraform Labs founder Do Kwon sought refuge during a six-month pursuit, according to Serbian prosecutor Branko Stamenkovic.
__
This story has a big sequel. While Do Kwon is being held in a good prison in Montenegro for a fake passport, some of the money that will be useful for the budget of Montenegro will be taken from him. I am still sure that the authorities of Montenegro will not soon give the golden antelope to the USA or Korea.

Here is the official court documents by the US:



https://downloads.coindesk.com/legal/United_States_v_Kwon.pdf

So let's see if Montenegro will give him up to the US. There could be arrangements between the two though that could favor Montenegro in the end and US receiving Do Kwon and be officially charge by them.

I have a feeling that he will be extradited very soon.

[Baofeng]

^^ 8 counts to be exact, United States of America vs Do Kwon.

- Count One (Conspiracy to Defraud)
- Count Two (Commodities Fraud)
- Count Three (Securities Fraud)
- Count Four (Wire Fraud)
- Count Five (Conspiracy to Defraud and Engage in Market Manipulation)
- Count Six (Commodities Fraud)
- Count Seven (Securities Fraud)
- Count Eight (Wire Fraud)

I don't know how Do Kwon and his cohorts can win this case against the US States Attorney. And just imagine if Do Kwon and SBF are in the same jail facility, hehehe.

[zasad@]

I have a feeling that he will be extradited very soon.

And I read that he can spend another 6 months or more in a prison in Montenegro. Even the extradition of criminals from Europe to the United States can take a year or more.
And then the Montenegrin authorities will act according to the circumstances and try to keep such a rich scammer on their territory for as long as possible. My theory still has a right to exist until Do Kwon is extradited.

[Baofeng]

I have a feeling that he will be extradited very soon.

And I read that he can spend another 6 months or more in a prison in Montenegro. Even the extradition of criminals from Europe to the United States can take a year or more.
And then the Montenegrin authorities will act according to the circumstances and try to keep such a rich scammer on their territory for as long as possible. My theory still has a right to exist until Do Kwon is extradited.

Not sure if that is the best move for the Montenegrin authorities. I mean what will they get from keeping Do Kwon in their prison? So it's better for them to really extradite him, it's just the question on who is going to get him first, US or South Korea? Both countries has made a official request already. So let's see, because it seems that they are keen on prosecuting Do Kwon first, forged documents and after he served his sentenced, he might be extradited.

S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro.

[cryptomaniac_xxx]

I have a feeling that he will be extradited very soon.

And I read that he can spend another 6 months or more in a prison in Montenegro. Even the extradition of criminals from Europe to the United States can take a year or more.
And then the Montenegrin authorities will act according to the circumstances and try to keep such a rich scammer on their territory for as long as possible. My theory still has a right to exist until Do Kwon is extradited.

The only thing that I can see that it can be expedited is the the US putting pressure on the government of Montenegro to hurry up on their cases against Do Kwon for falsifying documents just to be able to enter their territory.

And if that is the case then I see the US getting their hands and then the cases filed will go and move on. So it's a lose-lose for Do-Kwon although he can hire a good lawyer to defend him. It's even reported that he send money to his lawyer before the eventual collapse, so for sure he is preparing very hard to fight this one out.

[zasad@]

I have a feeling that he will be extradited very soon.

And I read that he can spend another 6 months or more in a prison in Montenegro. Even the extradition of criminals from Europe to the United States can take a year or more.
And then the Montenegrin authorities will act according to the circumstances and try to keep such a rich scammer on their territory for as long as possible. My theory still has a right to exist until Do Kwon is extradited.

Not sure if that is the best move for the Montenegrin authorities. I mean what will they get from keeping Do Kwon in their prison? So it's better for them to really extradite him, it's just the question on who is going to get him first, US or South Korea? Both countries has made a official request already. So let's see, because it seems that they are keen on prosecuting Do Kwon first, forged documents and after he served his sentenced, he might be extradited.

S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro.

While Do Kwon is in prison in Montenegro, many important events can happen in the world. The US wants to take money from Do Kwon. If he does not give them back, he will be in prison for life. This is the rule of a strong country, which can dictate terms to other countries.

[Baofeng]

I have a feeling that he will be extradited very soon.

And I read that he can spend another 6 months or more in a prison in Montenegro. Even the extradition of criminals from Europe to the United States can take a year or more.
And then the Montenegrin authorities will act according to the circumstances and try to keep such a rich scammer on their territory for as long as possible. My theory still has a right to exist until Do Kwon is extradited.

Not sure if that is the best move for the Montenegrin authorities. I mean what will they get from keeping Do Kwon in their prison? So it's better for them to really extradite him, it's just the question on who is going to get him first, US or South Korea? Both countries has made a official request already. So let's see, because it seems that they are keen on prosecuting Do Kwon first, forged documents and after he served his sentenced, he might be extradited.

S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro.

While Do Kwon is in prison in Montenegro, many important events can happen in the world. The US wants to take money from Do Kwon. If he does not give them back, he will be in prison for life. This is the rule of a strong country, which can dictate terms to other countries.

Not sure what important events though that might affect Montenegro to extradite or not to extradite Do Kwon to the US.

Of course, what's US after is the money that Do Kwon still have in his pocket, it's not that they are going to get it and confiscate for themselves, they will have to liquidate it as per the charges they have on him. Then once his assets has been liquidate then it could the claimants or the victims can get at least part of the money they've lost, I'm talking about US citizens here and not the totality of the victims, (there could be South Koreans and other nationalities for that matter).

[zasad@]

I have a feeling that he will be extradited very soon.

And I read that he can spend another 6 months or more in a prison in Montenegro. Even the extradition of criminals from Europe to the United States can take a year or more.
And then the Montenegrin authorities will act according to the circumstances and try to keep such a rich scammer on their territory for as long as possible. My theory still has a right to exist until Do Kwon is extradited.

Not sure if that is the best move for the Montenegrin authorities. I mean what will they get from keeping Do Kwon in their prison? So it's better for them to really extradite him, it's just the question on who is going to get him first, US or South Korea? Both countries has made a official request already. So let's see, because it seems that they are keen on prosecuting Do Kwon first, forged documents and after he served his sentenced, he might be extradited.

S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro.

While Do Kwon is in prison in Montenegro, many important events can happen in the world. The US wants to take money from Do Kwon. If he does not give them back, he will be in prison for life. This is the rule of a strong country, which can dictate terms to other countries.

Not sure what important events though that might affect Montenegro to extradite or not to extradite Do Kwon to the US.

Of course, what's US after is the money that Do Kwon still have in his pocket, it's not that they are going to get it and confiscate for themselves, they will have to liquidate it as per the charges they have on him. Then once his assets has been liquidate then it could the claimants or the victims can get at least part of the money they've lost, I'm talking about US citizens here and not the totality of the victims, (there could be South Koreans and other nationalities for that matter).

Extradition from Montenegro can last more than a year, then another trial in the United States can also last a long time. The injured party then needs to prove the damage in order to receive compensation. Then the commission and the procedure for compensation for damage will be formed. Ordinary people will not receive anything or the services of lawyers will cost them more.

[Baofeng]

I have a feeling that he will be extradited very soon.

And I read that he can spend another 6 months or more in a prison in Montenegro. Even the extradition of criminals from Europe to the United States can take a year or more.
And then the Montenegrin authorities will act according to the circumstances and try to keep such a rich scammer on their territory for as long as possible. My theory still has a right to exist until Do Kwon is extradited.

Not sure if that is the best move for the Montenegrin authorities. I mean what will they get from keeping Do Kwon in their prison? So it's better for them to really extradite him, it's just the question on who is going to get him first, US or South Korea? Both countries has made a official request already. So let's see, because it seems that they are keen on prosecuting Do Kwon first, forged documents and after he served his sentenced, he might be extradited.

S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro.

While Do Kwon is in prison in Montenegro, many important events can happen in the world. The US wants to take money from Do Kwon. If he does not give them back, he will be in prison for life. This is the rule of a strong country, which can dictate terms to other countries.

Not sure what important events though that might affect Montenegro to extradite or not to extradite Do Kwon to the US.

Of course, what's US after is the money that Do Kwon still have in his pocket, it's not that they are going to get it and confiscate for themselves, they will have to liquidate it as per the charges they have on him. Then once his assets has been liquidate then it could the claimants or the victims can get at least part of the money they've lost, I'm talking about US citizens here and not the totality of the victims, (there could be South Koreans and other nationalities for that matter).

Extradition from Montenegro can last more than a year, then another trial in the United States can also last a long time. The injured party then needs to prove the damage in order to receive compensation. Then the commission and the procedure for compensation for damage will be formed. Ordinary people will not receive anything or the services of lawyers will cost them more.

Yes and that's why US is really at the tail of Do Kwon because they want to pay compensation right away. And this is not the first time that US will exercise their extradition with Montenegro, there was a couple who fled to that country when they pull a scam for a $20 million fraud.

https://www.justice.gov/opa/pr/fugitive-couple-extradited-united-states-montenegro-begin-prison-sentences-20-million-fraud

So for me, sooner or later Montenegro will extradite Do-Kwon in the States and then face the charges and liquid his assets to pay for all of his victims. Of course lawyers are going to be paid, that's part of their job. But Do-Kwon has a lot of assets and there could be more unravel in court proceedings.

[zasad@]

I have a feeling that he will be extradited very soon.

And I read that he can spend another 6 months or more in a prison in Montenegro. Even the extradition of criminals from Europe to the United States can take a year or more.
And then the Montenegrin authorities will act according to the circumstances and try to keep such a rich scammer on their territory for as long as possible. My theory still has a right to exist until Do Kwon is extradited.

Not sure if that is the best move for the Montenegrin authorities. I mean what will they get from keeping Do Kwon in their prison? So it's better for them to really extradite him, it's just the question on who is going to get him first, US or South Korea? Both countries has made a official request already. So let's see, because it seems that they are keen on prosecuting Do Kwon first, forged documents and after he served his sentenced, he might be extradited.

S.Korea, US seeking extradition of crypto entrepreneur Do Kwon -Montenegro.

While Do Kwon is in prison in Montenegro, many important events can happen in the world. The US wants to take money from Do Kwon. If he does not give them back, he will be in prison for life. This is the rule of a strong country, which can dictate terms to other countries.

Not sure what important events though that might affect Montenegro to extradite or not to extradite Do Kwon to the US.

Of course, what's US after is the money that Do Kwon still have in his pocket, it's not that they are going to get it and confiscate for themselves, they will have to liquidate it as per the charges they have on him. Then once his assets has been liquidate then it could the claimants or the victims can get at least part of the money they've lost, I'm talking about US citizens here and not the totality of the victims, (there could be South Koreans and other nationalities for that matter).

Extradition from Montenegro can last more than a year, then another trial in the United States can also last a long time. The injured party then needs to prove the damage in order to receive compensation. Then the commission and the procedure for compensation for damage will be formed. Ordinary people will not receive anything or the services of lawyers will cost them more.

Yes and that's why US is really at the tail of Do Kwon because they want to pay compensation right away. And this is not the first time that US will exercise their extradition with Montenegro, there was a couple who fled to that country when they pull a scam for a $20 million fraud.

https://www.justice.gov/opa/pr/fugitive-couple-extradited-united-states-montenegro-begin-prison-sentences-20-million-fraud

So for me, sooner or later Montenegro will extradite Do-Kwon in the States and then face the charges and liquid his assets to pay for all of his victims. Of course lawyers are going to be paid, that's part of their job. But Do-Kwon has a lot of assets and there could be more unravel in court proceedings.

20 million is a penny compared to what Do Kwon has. If Do Kwon is extradited to the US, he will face a long prison term. But American law is very very interesting.
If he agrees on cooperation and gives up the stolen assets and surrenders his accomplices, then he can serve a short term of 3-7 years in a good prison

[Rikafip]

It looks like Do Kwon (and his buddy who was arrested with him) will be released on $436k bail each, which is really peanuts for him. This is just ridicolous, guy was arrested while trying to flee the country using private jet and fake documents yet Montengero court still plans to set to release him.

https://www.theblock.co/post/230575/do-kwon-bail

[Lucius]

@Rikafip, I read the news today, and I must say that I am not at all surprised by this decision, because this scammer did not come to this area by chance, but he knew very well that everything can be bought here with money, and quite cheaply. Apart from that, Montenegro does not have an extradition agreement with the US and South Korea, and Kwon claims that Costa Rica's passports are completely legal, and he asks for this to be checked because there is supposedly documentation that can prove it.

As for the release, the authorities say that they will be housed in an apartment guarded by the police.

[Rikafip]

@Rikafip, I read the news today, and I must say that I am not at all surprised by this decision, because this scammer did not come to this area by chance, but he knew very well that everything can be bought here with money, and quite cheaply. Apart from that, Montenegro does not have an extradition agreement with the US and South Korea, and Kwon claims that Costa Rica's passports are completely legal, and he asks for this to be checked because there is supposedly documentation that can prove it.

True, he didn't open company in Serbia for no reason and ended up hiding there, but I still don't think that Montenegro will just let him go to Costa Rica freely. Montenegro is west oriented country (they are in NATO, officials currency is euro and their goal is to enter EU) and I don't think they will dare to ignore US/South Korea request.

As for release, the authorities say that they will be housed in an apartment guarded by the police.

Yeah I saw it, that will definitely stop him if he decides to leave. 

[ndutndut]

It looks like Do Kwon (and his buddy who was arrested with him) will be released on $436k bail each, which is really peanuts for him. This is just ridicolous, guy was arrested while trying to flee the country using private jet and fake documents yet Montengero court still plans to set to release him.

https://www.theblock.co/post/230575/do-kwon-bail

With the news that the court has granted Do Kwon's bail request and placed him under house arrest.  He also promised to disclose this case as transparently as possible until the end of the trial procedure.  I felt that Do Kwon was cheated by other people but everyone thought Do Kwon was a cheat.  Now let's all give him some time to find the real scam.

[zasad@]

LOL. I told you that in Montenegro they will replenish the country's budget at the expense of Do Kwon's money. What do you think, what was the amount of the bribe to achieve such a "fair" court decision?
What will happen next? He will look for a more loyal country that will not extradite him and run away from Montenegro.

[Tolosi]

LOL. I told you that in Montenegro they will replenish the country's budget at the expense of Do Kwon's money. What do you think, what was the amount of the bribe to achieve such a "fair" court decision?
What will happen next? He will look for a more loyal country that will not extradite him and run away from Montenegro.

You don't know how this works.
Bitcoins will not go to state budget but directly to wallets of state officials.