when

Read

<div class="protos">
 While <a rel="noopener noreferrer nofollow" title="Do Kwon" href="https://thebittimes.com/tag/do-kwon.html">Do Kwon</a> languishes in a <a rel="noopener noreferrer nofollow" title="Montenegro" href="https://thebittimes.com/tag/montenegro.html">Montenegro</a> detention facility, waiting to discover his fate, the US government has had its say on the long and drawn-out saga of his on-again, off-again extradition.
 Firstly, the Securities and Exchange Commission (<a rel="noopener noreferrer nofollow" title="SEC" href="https://thebittimes.com/tag/sec.html">SEC</a>) pushed forward a motion for final judgement against Do and Terraform Labs. Secondly, the State Department published a report that suggests the government in <a rel="noopener noreferrer nofollow" title="Montenegro" href="https://thebittimes.com/tag/montenegro.html">Montenegro</a> doesn’t effectively apply the law when it comes to “the criminal punishment of cases of corruption among officials.”
 This has been more than obvious in the trials and travails of Do.
 <h2 class="wp-block-heading" id="corruption-everywhere">Corruption everywhere</h2>
 It’s likely that Do specifically chose to flee to <a rel="noopener noreferrer nofollow" title="Montenegro" href="https://thebittimes.com/tag/montenegro.html">Montenegro</a> due to the corruption. Unfortunately for him, it hasn’t necessarily helped. Using fake and Interpol Red Notice-flagged passports, Do was quickly apprehended as he attempted to flee Podgorica in March of 2023, and has since been subject to over a dozen changes of heart with regards to his extradition.
 The courts, which can’t seem to decide if he’ll be extradited or where to, have been taking heat since the State Department report called attention to numerous horrifying issues in the country. These include “inhuman or degrading treatment or punishment for which government officials are responsible, serious problems for the independence of the judiciary… corruption in government, widespread gender-based violence, human trafficking, criminal acts of violence or threats of violence against members of the LGBTQ+ community, and the existence of the worst forms of child labor.”
 The State Department’s comments come hot on the heels of a European Commission report from November of last year that suggested “the judicial system [of <a rel="noopener noreferrer nofollow" title="Montenegro" href="https://thebittimes.com/tag/montenegro.html">Montenegro</a>] continue[s] to face a deep institutional crisis, resulting in weak leadership and management, lack of strategic vision and poor planning, affecting the country’s ability to deliver justice.”
 <figure class="wp-block-embed is-type-wp-embed is-provider-protos wp-block-embed-protos">
 <div class="wp-block-embed__wrapper">
 <blockquote class="wp-embedded-content" data-secret="IF4SOwby1w">
 Do Kwon extradition approved again, US looking likely
 </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Do Kwon extradition approved again, US looking likely” — Protos" src="https://protos.com/do-kwon-extradition-approved-again-us-looking-likely/embed/#?secret=zBcAz3nqM4#?secret=IF4SOwby1w" data-secret="IF4SOwby1w" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
 </div>
 </figure>
 Read more: Do Kwon extradition reversed yet again in Supreme Court ruling
 <h2 class="wp-block-heading" id="h-100-million-and-another-complaint">$100 million and another complaint</h2>
 Meanwhile, the SEC has requested that Do be forced to pay a $100 million civil penalty for his part in the Terra/Luna Ponzi scheme. Terraform Labs, meanwhile is being asked to pay $420 million and Avron Elbaum and Donald Battle are being asked to fork over almost $5 billion.
 The monetary fines are steep and include lifetime bans from directorships, executive roles, and a conduct-based injunction.
 But the civil forfeitures and penalties are the least of Do’s worries, as his lawyers just filed another complaint in Montenegro alleging that Do’s extradition to the US and the process by which it transpired aren’t only a violation of Do’s rights, but also a flagrant undermining of the country’s Supreme Court.
 It’s unclear if this complaint will change Do’s extradition, but it’s worth pointing out that his lawyers have repeatedly had his undoubted extradition pushed back, altered, and challenged repeatedly.
 Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;Instagram,&nbsp;Bluesky, and&nbsp;Google News, or subscribe to our&nbsp;YouTube&nbsp;channel.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/do-kwon-can-t-leave-montenegro-but-owes-the-us-millions-tbt86272.html">https://thebittimes.com/do-kwon-can-t-leave-montenegro-but-owes-the-us-millions-tbt86272.html</a>

Do Kwon can’t leave Montenegro, but owes the US millions

Tabla de contenidos

TheBitTimes

Otros artículos publicados el 23 abr 2024

PEPE Token Climbs 5% in One Day as Bullish Sentiment Prevails

Legal Battle Ensues as Crypto Groups Sue SEC Over “Dealer” Definition in Securities Law

PayPal Unveils Modern Rewards Plan For Sustainable Bitcoin Mining

SEC Fines $5.2B in Penalties on Terraform Labs and Co-Founder Do Kwon

Rarible Protocol integration into Chiliz Chain: Paving the way for next-gen NFT marketplaces

XRP Whales Move 70 Mln Coin Amid Ripple’s Response To SEC, What’s Next?

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!