Osnivač Terra Do Kwon u još većoj nevolji dok korejski tužioci otkrivaju još jednu školjku povezanu s njim

Prosecutors in South Korea have discovered a shell company named Flexi that Do Kwon allegedly used to launder funds from Terra.

Investigators and prosecutors in South Korea are inching closer to building a water-tight case against Terra’s Do Kwon in connection to the crash of the Terra ecosystem in which thousands of South Koreans lost money.

U nedavni razvoj that is bound to further fuel the resilience of investigators and courts, prosecutors have discovered a shell company that was used to siphon funds from Terra into accounts owned by Do Kwon. Until now, everyone thought TFL was the only company controlled by Do Kwon. TFL ceased operations in South Korea back in April 2022.

Shell Company Still In South Korea

A company named Flexi Corporation is still in South Korea and appears to have been used to launder money from Terra. Interestingly, the company only exists as a document, giving it all the hallmarks of a shell company. Even more interesting is the revelation that this supposed “document” received money earned by Terra from OTC sales of tokens. Flexi Corporation was used to convert tokens into cash. The company also operates accounts created in the names of suspicious corporations.

This discovery is made even as South Korean authorities are still investigating the Zemlja pad incident to determine whether there was any wrongdoing on the part of Do Kwon, his company TFL, and associates. With such discoveries, it’s hard to imagine Do Kwon getting off the hook.

Former Terra Developer Speaks Up

Following the shell company’s discovery, prosecutors are now monitoring the flow of funds into the company, possibly with hopes of getting more evidence to strengthen the case against Do Kwon. The channeling of funds to Flexi Corporation via OTC sales, and it being a shell company, amounts to money laundering.

Prema rečima bivšeg Terra developer who opened up, Flexi Corporation was a major cause of concern to the Korean tax authorities during a tax-related investigation a while back. Do Kwon and TFL are also required to pay around $80 million in fines to the tax authorities due to tax evasion.

- Oglas -