• Do Kwon, the co-founder of the failed Terraform project, has been sentenced to four months in a Montenegro prison.
• The Basic Court in Podgorica found him guilty of carrying a fake passport and his verdict includes his time in custody from March 23 to June 15.
• Han Chang-joon, Terraform’s former Chief Financial Officer, received the same sentence as Kwon.
Do Kwon Sentenced to 4 Months in Prison
The co-founder of the failed Terraform project, Do Kwon, has been sentenced to spend four months in a Montenegro prison. This includes his time in custody from March 23 to June 15. The Basic Court in Podgorica announced on June 19 that Kwon was found guilty of carrying a fake passport.
Kwon’s Co-Founder Receives Same Sentence
Kwon’s co-founder and former Chief Financial Officer at Terraform – Han Chang-joon – also received the same sentence as Kwon. Previously, Kwon had claimed that only he should carry out any sentence for carrying a fake passport and that Chang-joon was innocent.
Kwon Had Been Evading Authorities
After Terraform collapsed last year, Do Kwan had been evading authorities for months before he was eventually caught at a local airport trying to flee the country with a fake Costa Rican passport. He had previously claimed that he had no idea it was not real when caught by authorities.
Right To Appeal Verdict
If either of the two former Terraform execs disagree with their sentences they will have eight days from receiving the copy of the verdict to appeal it according to court regulations.
Kwan Claimed He Was Open To Talking About What Happened
Prior to disappearing and evading authorities for several months after Terraform’s collapse, Do Kwan had previously claimed that he was open to talking about what happened; though this never came into fruition as he was issued an Interpol Red Notice but managed to escape for some time before getting arrested in Europe.