Do Kwon Will Appear In Court On May 11 For Fraud Charges
Do Kwon, who is being investigated in several countries for alleged fraud related to the collapse of his crypto project Terraform Labs, will stand trial in Montenegro on May 11 on charges of attempting to travel with a forged passport, according to the court’s website in Podgorica, the country’s capital. Kwon was detained on March 23 at the Podgorica airport, along with Terraform Labs’ chief finance officer, Han Chang-joon. Since then, both have been incarcerated in the nation.
Kwon is sought in the United States and South Korea, where prosecutors accuse him of fraud and other offenses relating to the May 2017 collapse of the Singapore-based $40 billion Terra-Luna stablecoin and cryptocurrency scheme. Do Kwon has disputed all accusations leveled against him. Terraform Laboratories believes that South Korea’s probe into Terra-Luna has become excessively political and that the charges are without merit. Do Kwon got an Interpol red notice for his arrest while attempting to elude the authorities. On April 21, a Montenegro court announced Kwon and Han’s indictment and prolonged their custody due to flight danger.
Source
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