Terraform Labs founder Do Kwon was found guilty of using a forged passport by a court in Montenegro and sentenced to four months in prison.
Kwon’s colleague and former Terraform Labs CFO Han Chung-jun was charged alongside him and received the same sentence. The Basic Court of Montenegro said in a statement on his website.
Kwon was accused of trying to leave the country with a fake Costa Rican passport. He reportedly told a court in Montenegro that he did not know the passport he was traveling with was fake, and instead blamed it on a Chinese agency.
Related: Do Kwon denies passport fraud, blames ‘Chinese’ agency: Report
According to a June 17 report from South Korean news outlet Segye Ilbo, Kwon told the Montenegrin Basic Court that he had received fake passports and travel documents, including a Costa Rican one, through overseas “agencies”.
According to Kwon, because he had been traveling on his Costa Rican passport for “years”, he had no reason to doubt his authenticity.
In addition to denying falsifying travel documents, Kwon denied allegations that he had made any financial donations to Montenegro’s former Finance Minister Milojko Spajic, the current leader of the Europe Now party.
