Do Kwon has been sentenced to 15 years in prison after pleading guilty to fraud involving $40 billion. Over four years, Kwon misled the market by fabricating stability mechanisms and concealing support arrangements with Jump Trading, leading to significant losses for hundreds of thousands of investors. Victim letters revealed severe economic and psychological impacts due to the project's perceived "low risk." Despite his early plea and cooperation with Terra's management, the court imposed a deterrent sentence considering the scale of the fraud.
Do Kwon Sentenced to 15 Years for $40 Billion Fraud
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
