Montenegro Police Charged Crypto Fugitive Do Kwon With Forgery

March 25, 2022

Prosecutors in Montenegro on Friday charged fugitive cryptocurrency entrepreneur and Terraform founder Do Kwon with forgery.

Montenegro’s police: “A criminal complaint was filed against both persons for the criminal offense of document forgery.” 

Kwon was arrested with a companion on Thursday at the airport in the Montenegrin capital Podgorica after being found travelling with fake travel documents.

He faces two cases in Montenegro: 1. involving his alleged possession of forged documents 2. regarding his possible extradition.

Kwon’s lawyer, Branko Andjelic, told AFP on Friday that his client denied possessing any false documents.

Kwon certainly needs to be held accountable for his actions,” Kim Dae-jong, a professor of business administration at Sejong University, told AFP.

Kwon Do-hyung is accused of fraud over his company’s collapse last year that shook global markets and wiped out about $40B of investors’ money!