Do Kwon arrested - page 2. | Bitcointalksearch.org

sokani

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Quote from: zasad@ on February 22, 2024, 03:46:24 AM

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.

zasad@

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Quote from: sokani on February 22, 2024, 01:38:13 AM

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

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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@

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Quote from: Lucius on February 18, 2024, 06:40:53 AM

Quote from: zasad@ on February 14, 2024, 05:58:48 AM

~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.

Lucius

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Quote from: zasad@ on February 14, 2024, 05:58:48 AM

~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@

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Quote from: Upgrade00 on February 12, 2024, 03:11:26 PM

Quote from: Lucius on February 12, 2024, 05:39:35 AM

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.

crwth

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Quote from: Lucius on February 13, 2024, 06:13:06 AM

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.

Quote from: Lucius on February 13, 2024, 06:13:06 AM

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.

Lucius

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Quote from: crwth on February 12, 2024, 07:27:01 PM

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.

Quote from: crwth on February 12, 2024, 07:27:01 PM

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

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Quote from: Lucius on February 12, 2024, 05:39:35 AM

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?

Upgrade00

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Quote from: Lucius on February 12, 2024, 05:39:35 AM

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.

Lucius

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Quote from: crwth on February 11, 2024, 11:07:47 PM

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.

crwth

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Quote from: zasad@ on February 11, 2024, 10:14:31 AM

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.

Quote from: Lucius on February 11, 2024, 10:20:44 AM

@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.

Lucius

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@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.

zasad@

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Quote from: crwth on February 10, 2024, 03:36:18 PM

So based on the article, he is being decided on where they will send Kwon right? Being arrested with false documents? It should've been more right? it's really hard to find the right justice for the people who are affected by Kwon's scam

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

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Quote from: safar1980 on February 10, 2024, 03:23:56 PM

Do Kwon Wins Second Chance to Appeal Extradition From Montenegro

So based on the article, he is being decided on where they will send Kwon right? Being arrested with false documents? It should've been more right? it's really hard to find the right justice for the people who are affected by Kwon's scam

safar1980

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Do Kwon Wins Second Chance to Appeal Extradition From Montenegro

The Montenegrin High Court decided for a second time in December that extradition requests for Do Kwon held up.
Kwon's lawyer told CoinDesk last month that his client would be appealing the High Court's decision.
Former CFO at Terraform Han Chang-Joon was extradited to South Korea by Montenegrin authorities on Monday.

Former Terraform Labs CFO Han Chang-joon Extradited to South Korea by Montenegro
Han Chang-joon was charged with carrying falsified travel documents alongside Terra co-founder Do Kwon last year.

zasad@

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https://techcrunch.com/2024/01/21/terraform-labs-files-for-chapter-11-bankruptcy/
"Singapore-based Terraform Labs (TFL), the company behind digital assets TerraUSD (UST) and Luna, filed for Chapter 11 bankruptcy in Delaware following the collapse of its cryptocurrencies in 2022.

Terraform Labs, which confirmed its Chapter 11 bankruptcy protection filing, said the filing is “a strategic step that will enable it to continue its operations and support litigation pending in Singapore and U.S. litigation involving the Securities and Exchange Commission.” The outfit also said it would “meet all financial obligations to employees and vendors during the Chapter 11 case” without requiring additional financing."

zasad@

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Quote from: safar1980 on January 18, 2024, 04:08:04 PM

US SEC willing to delay Terraform Labs trial for Do Kwon's extradition
The U.S. Securities and Exchange Commission agreed to delay a civil trial against Terraform Labs and co-founder Do Kwon for allegedly orchestrating a $40 billion cryptocurrency fraud, so that Kwon can be extradited and attend.
In a Monday filing in Manhattan federal court, the SEC said a "modest" adjournment of the Jan. 29 trial was justified, based on statements from Kwon's lawyer that Kwon wanted to attend, agreed to extradition from Montenegro, and could be in the United States by mid-March.

I'm cynical about news like this.
I can assume that Do Kwon’s lawyers are trying to reach an agreement with the US authorities. In the USA, you can get a favorable agreement and get a short prison sentence. In Korea he has very little chance, and the laws there are much stricter.

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US SEC willing to delay Terraform Labs trial for Do Kwon's extradition
The U.S. Securities and Exchange Commission agreed to delay a civil trial against Terraform Labs and co-founder Do Kwon for allegedly orchestrating a $40 billion cryptocurrency fraud, so that Kwon can be extradited and attend.
In a Monday filing in Manhattan federal court, the SEC said a "modest" adjournment of the Jan. 29 trial was justified, based on statements from Kwon's lawyer that Kwon wanted to attend, agreed to extradition from Montenegro, and could be in the United States by mid-March.

zasad@

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Quote from: peaky-btc4 on January 11, 2024, 08:33:12 AM

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

This is unfortunately not the case.
Of course, without a court decision there will be no verdict, but with such a large body of evidence and the number of victims in the USA or South Korea, Do Kwon will receive a very long prison sentence. I studied the laws of South Korea and experts say that in the USA he has a better chance of entering into an agreement with the prosecution. In South Korea the laws are stricter.

Topic: Do Kwon arrested - page 2. (Read 1780 times)