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Terraform Labs Founder Do Kwon Sentenced to 4 Months in Prison in Montenegro on Fake Passport Charge

Terraform Labs founder found guilty of using false Costa Rican passport; colleague also receives the same sentence.

Do Kwon, the founder of Terraform Labs, has been handed a four-month prison sentence in Montenegro after being found guilty of using a fake Costa Rican passport. His former colleague and Terraform Labs' chief financial officer, Han Chong-joon, faced the same charges and received an identical sentence. The Montenegro Basic Court stated that the time both individuals spent in detention would be taken into consideration.

The charges against Kwon arose when he attempted to leave the country using the fraudulent Costa Rican passport. During the court proceedings, Kwon claimed that he was unaware that the passport was forged and placed the blame on a Chinese agency. He asserted that he received the allegedly fake passport and other travel documents, including the Costa Rican passport, through third-party agencies.

Kwon argued that he had been using the Costa Rican passport for an extended period and had no reason to doubt its authenticity. He firmly denied any involvement in the forgery of travel documentation and also refuted allegations of making financial donations to Milojko Spajić, Montenegro's former finance minister and the current leader of the Europe Now party.

The verdict serves as a reminder of the potential consequences individuals face when using fraudulent passports or engaging in related activities. The outcome of this case also highlights the importance of due diligence and vigilance when dealing with travel documentation, especially in an era where identification and security are increasingly crucial.

Disclaimer: This article is based on publicly available information, and the statements made are not meant to imply guilt or innocence. The legal proceedings are ongoing, and any final conclusions should be based on the verdict reached by the court.

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