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Do Kwon arrested in Montenegro: Interior Minister

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Re: Do Kwon arrested in Montenegro: Interior Minister

#141

Post by robbiep »

hammock wrote: post #115
duxup wrote: post #60

Earlier quoted context omitted.

Pretty sure Signature was taken over because they were in financial trouble.

"Barney Frank Was Right About Signature Bank. The FDIC all but confirms it closed the bank over crypto." https://archive.is/MEADq#selection-133.5-137.57 "Everything But the Crypto: Flagstar Scoops Up Failed Signature Bank. While the Federal Deposit Insurance Corporation (FDIC) denied reports that any buyer of Signature Bank would need to divest its crypto business, the buyer, New York Community Bancorp-owned Flagstar…

Flagstar decided ‘shit no, I’m not going to take over a book of shitty crypto assets valued at god knows what they could be a massive liability’.

The key validator here is that they also dumped a heap of mortgages and loans that they considered toxic. The value of these other assets that Flagstar decided to not write into their purchase agreement was $60 billion under current accounting.

They just decided that the crypto is no good. Along with 60 bn worth of other stuff. And they can stick that with the FDIC to deal with.

[0] https://newsletterhunt.com/emails/27219 (last section, meanwhile in America)

Re: Do Kwon arrested in Montenegro: Interior Minister

#142

Post by codehalo »

calgarymicro wrote: post #49
hammock wrote: post #41

Earlier quoted context omitted.

Yes. Add to your list the seizure of Signature Bank, and this week’s rumors of Operation Choke Point 2.0 focused on keeping commercial banks out of crypto

Boggles the mind that people are actually taking people like Nic Carter and Barney Frank at face value (that latter one is particularly egregious considering he's literally a former director of the bank) when they say that the FDIC seized a bank with $110 billion in holdings solely to target $4 billion in crypto. Believe it or not, the Fed doesn't care enough about crypto to start a regional banking crisis and blow u…

The dinosaurs at the FED feel just the same as all those on this site that blather on bitterly about crypto waiting for it die. I can’t wait to read the salty howling at end of the year when crypto is at an all time high.

Re: Do Kwon arrested in Montenegro: Interior Minister

#143

Post by AbrahamParangi »

zoklet-enjoyer wrote: post #79
jamiek88 wrote: post #66

Earlier quoted context omitted.

Ross literally hired hitmen to kill someone who owed him money. The fact that he didn’t know it was an undercover agent (pro tip if you hire a hit man and you aren’t customarily in ‘that life’ you are always hiring an undercover agent) is irrelevant. He still required and received ‘proof’ of the deed, a photo of the aftermath, staged of course. He was even cold blooded with the ‘collateral damage’ of the intended vic…

If that actually happened, why didn't they prosecute him for it?

He was indicted in federal court for it but his indictment was dropped after he was sentenced to life imprisonment without the possibility of parole.

There does seem to be very little point in winning a conviction on that front.

Re: Do Kwon arrested in Montenegro: Interior Minister

#144

Post by Analemma_ »

zoklet-enjoyer wrote: post #79
jamiek88 wrote: post #66

Earlier quoted context omitted.

Ross literally hired hitmen to kill someone who owed him money. The fact that he didn’t know it was an undercover agent (pro tip if you hire a hit man and you aren’t customarily in ‘that life’ you are always hiring an undercover agent) is irrelevant. He still required and received ‘proof’ of the deed, a photo of the aftermath, staged of course. He was even cold blooded with the ‘collateral damage’ of the intended vic…

If that actually happened, why didn't they prosecute him for it?

I think the people constantly repeating this line don't understand how prosecutions actually work. Since all crimes have to be proven beyond a reasonable doubt to get a conviction, and some take more work/paper trail to do this than others, if someone is up on a bunch of charges, prosecutors will order them by easiest-to-hardest to prove, and then if the easiest ones are sufficient to put the person away for life, they'll focus on those and discard the rest.

This happens all the time. It is not unique to Ulbricht, and does not really imply anything about whether the contract killing request did or didn't happen.

Re: Do Kwon arrested in Montenegro: Interior Minister

#145

Post by noloblo »

ezekiel68 wrote: post #128

What is this world coming to when Crypto renegades can no longer flee to Montenegro using falsified documents? This must somehow be seen as yet another nail in the coffin of Big centralized fiat currency. /s

finally ! also interesting tidbit from the montenegro article do kwon after saying was not on the lam from leo was traveling with falsified documents. montenegro waiting for interpol/s.korea to confirm do's identity

Re: Do Kwon arrested in Montenegro: Interior Minister

#146

Post by 0xcafefood »

kijin wrote: post #80
phphphphp wrote: post #40

Earlier quoted context omitted.

He’ll be watching his back in prison, he’s got access to billions of dollars — or, at least, is perceived to. He has wronged a lot of people, too. Also, prison is a one way street: if he stays on the run, and some day things do get to the point where he would feel safer in prison, he could hand himself in. Once he’s in prison, he has no choice left.

The South Korean justice system is notoriously lenient on white-collar crime, and it's exceedingly rare even for violent criminals to be murdered in a Korean prison. The popular perception is that you can spend a couple of years in prison and enjoy your ill-gotten gains for the rest of your life with no further repercussions, provided you've hidden your money well enough. Guess what, the whole point of crypto is that…

>A few years ago, a man named Son Jung-woo was arrested for running what was the largest child porn site in the world back then. His sentence? 18 months. The U.S. wanted to put him away for life, but the Korean courts would not deport him.

This was the subject of the "Welcome to Video" episode of Darknet Diaries[1]. IIRC, he couldn't be extradited to the US because he was facing a lawsuit in Korea, one filed by his own father seemingly for precisely this side effect.

[1] https://darknetdiaries.com/episode/131/

Re: Do Kwon arrested in Montenegro: Interior Minister

#147

Post by rocket_surgeron »

paulpauper wrote: post #103
m3kw9 wrote: post #24

He is probably better off getting caught and get his sentence over with than to live watching his back betting a country won’t turn him in for decades

depends if they send him to the US. Then it would be way worse

Korean prisons make US prisons look like the Ritz Carlton.

This may have changed since I lived there in the early 2000s, but they shave your head and make you perform hard labor for 12 hours a day, usually farming to raise most of the food that you will eat while incarcerated.

In the South Korean Army, seniors beat juniors with impunity and abuse them so brazenly that US soldiers get briefings to "mind your own business" when they arrive and again before any joint operations with the ROKA-- and the prisons are worse. My roommate when I lived there was a KATUSA, a Korean soldier who spoke English who was embedded in the US Army, and he was happy every single day because every Korean male has to be in the army and "in the US army they don't beat the shit out of you".

In the US a fraudster like Kwon will go to a facility like FCI Otisville.

https://www.google.com/maps/place/41°29'47.0%22N+74°31'38.0%...

Please note the tennis courts and baseball diamond.

Re: Do Kwon arrested in Montenegro: Interior Minister

#148

Post by temprose »

zoklet-enjoyer wrote: post #79
jamiek88 wrote: post #66

Earlier quoted context omitted.

Ross literally hired hitmen to kill someone who owed him money. The fact that he didn’t know it was an undercover agent (pro tip if you hire a hit man and you aren’t customarily in ‘that life’ you are always hiring an undercover agent) is irrelevant. He still required and received ‘proof’ of the deed, a photo of the aftermath, staged of course. He was even cold blooded with the ‘collateral damage’ of the intended vic…

If that actually happened, why didn't they prosecute him for it?

Same reason Al Capone was taken down on tax evasion charges.

Re: Do Kwon arrested in Montenegro: Interior Minister

#149

Post by Cardinal7167 »

ezekiel68 wrote: post #128

What is this world coming to when Crypto renegades can no longer flee to Montenegro using falsified documents? This must somehow be seen as yet another nail in the coffin of Big centralized fiat currency. /s

They’re only clamping down now cause Big Bank is in real trouble! /s

Re: Do Kwon arrested in Montenegro: Interior Minister

#150

Post by noloblo »

CoBE10 wrote: post #139

Do those people think that Montenegro won't give them to US? I've seen a few mentions of Montenegro in some American TV shows and they always say "The X has escaped to Montenegro...", "Montenegro doesn't have extradition treaty with US...". That's not true, and it was never true. Montenegro just can't sue them in Montenegrin court, because of the treaty that Montenegro can sue American citizens in American courts.

was do kwon arrested in montenegro for the interpol/south korean red notice or the united states sec case?
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