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US judge asks for clarification on Do Kwon’s foreign charges

Cointelegraph
A US judge questioned prosecutors and defense attorneys regarding Do Kwon's potential sentences in South Korea and Montenegro before his Thursday sentencing.

Summary

US federal Judge Paul Engelmayer has requested clarification from both the prosecution and defense regarding the foreign legal troubles of Terraform Labs co-founder Do Kwon, specifically concerning charges and potential sentences in South Korea and Montenegro, ahead of his sentencing scheduled for Thursday. Kwon, who pleaded guilty in August to two counts of wire fraud and conspiracy to defraud, faces a potential sentence of up to 40 years in South Korea if extradited there after serving time in the US. The judge also inquired whether any time Kwon served in Montenegro for using falsified travel documents would be credited toward a US sentence, signaling concern that South Korean authorities might release him early if he is sent there to serve the remainder of a US sentence. Kwon's defense seeks no more than five years in the US, while prosecutors are pushing for at least 12 years, arguing his losses eclipsed those caused by Sam Bankman-Fried and others combined. Kwon's lawyers noted that even with time served, he would immediately face pretrial detention in South Korea.

(Source:Cointelegraph)