Do Kwon Could Face A Long Prison Time, Legal Experts Suggest

Terra founder Do Kwon could face a long time in prison.

The Seoul Southern District Prosecutors Office earlier issued arrest warrants for Do Kwon and five others for violating the capital market law.

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Legal experts are suggesting that Do Kwon could face a severe life sentence or even a life imprisonment, the Korea Herald reported.

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A legal expert who is close to the case and asked to remain annoumous, said that prosecutors including the allegations of violating the Korea's capital markets law could be a game-changer.

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Under the capital markets law, Kwon could face imprisonment of not less than a year or a fine of maximum 3 to 5 times profit accrued if the allegations are true.

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Another attorney, who is “closely involved” with the Do Kwon case, claims that the Terra founder could even face a life in prison, due to the snowballing number of victims.

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The legal battle is still in early stages and it could take even months or years before the final judgment.

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Though Kwon’s current whereabouts are unknown, he had earlier revealed that he moved to Singapore.

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