- Do Kwon could also be sentenced to over 40 years in jail in South Korea.
- A senior South Korean prosecutor Dan Sunghan said that the Terra founder could spend most of his life behind bars.
- The prosecutor believes that Kwon could should face a separate jail time period within the US after finishing his sentence in South Korea.
- Sunghan expects Kwon’s extradition from Montenegro to take as much as 9 months.
Do Kwon, founding father of the defunct Terraform Labs, might be handed a 40-year jail sentence in South Korea. Dan Sunghan, a senior prosecutor in South Korea, believes that the disgraced crypto character will spend most of his life behind bars. Sharing his tackle Kwon’s ongoing authorized troubles, the South Korean lawyer revealed that 31 yr outdated Terra founder could should serve a separate jail time period in america if convicted on the costs filed by the U.S. Securities and Alternate Fee.
Do Kwon’s Extradition From Montenegro Could Take Up To 9 Months
In line with a report by Bloomberg, Dan Sunghan believes it’s doable for Do Kwon to be tried and sentenced in two totally different jurisdictions on separate costs. Such a situation would contain the Terraform Labs founder dealing with fraud costs in South Korea, adopted by his extradition to america to face trial. After finishing his sentence in South Korea, Kwon can be despatched to the US to serve the rest of his jail time period.
That is the most important monetary fraud or monetary securities fraud case that has ever occurred in South Korea,”
Dan Sunghan, Senior South Korean Prosecutor
Dan Sunghan serves because the Director of the monetary crime investigation bureau on the Seoul Southern District Prosecution Service. Because the lead prosecutor for the probe into Do Kwon and Terraform’s actions, Sunghan expects the disgraced founder to obtain a document home sentence for a monetary fraud case exceeding 4 a long time. The prosecutor believes Kwon needs to be extradited from Montenegro to South Korea first, however he famous that the method itself may take as much as 9 months.