U.S. prosecutors have filed criminal fraud charges against Do Kwon
ChainCatcher news, according to CoinDesk, Terraform Labs founder Do Kwon was charged with fraud by New York federal prosecutors hours after being arrested by police in Montenegro. According to the indictment, Kwon is accused of conspiracy to commit fraud, commodity fraud, securities fraud, telecommunications fraud, and conspiracy to manipulate the market.It is reported that in February this year, the U.S. Securities and Exchange Commission (SEC) filed civil charges against Terraform and Do Kwon, accusing them of defrauding investors and selling unregistered securities and securities swaps.Earlier reports indicated that Montenegro's Interior Minister Filip Adzic announced that Do Kwon was arrested by police at Podgorica Airport in Montenegro earlier on Thursday while using forged documents. The National Police Agency of South Korea later confirmed his identity. (source link)