List of All Articles with Tag 'sons'

The London Metal Exchange contributed to last year’s nickel crisis by removing trading curbs just as prices spiked

Fugitive cryptocurrency chief Do Kwon, the entrepreneur sought by the US and South Korea in connection with a $40bn crash, was sentenced to four months in prison by a court in Montenegro. The 31-year-old South Korean national and Terraform Labs founder was found guilty of attempting to travel with a forged passport. He was arrested by the Montenegrin police in March as he tried to board a flight to Dubai at Podgorica Airport. Han Chang-joon, the former chief financial officer of Terraform Labs, was convicted of the same crime and handed a four-month sentence. The two were charged with forging official documents and placed in 30-day pre-trial detention. Police said they recovered doctored Costa Rican passports and a separate set of Belgian passports. Kwon and Chang-joon had pleaded not guilty at their first court hearing in May. The crypto boss reportedly told the court last week that he obtained the documents in Singapore through an agency selling citizenships of various countries and believed the passports to be genuine. Time spent in detention is included in the prison terms, and the pair can appeal the verdict, the Basic Court in Podgorica said. “Once we receive the verdict in writing, we will consult with our clients about possible appeal,” defence lawyer Goran Rodic told Bloomberg. The court has up to 30 days to officially notify the defence as well as the prosecutor’s office, the lawyer added. Both South Korea and the US have requested his extradition from Montenegro, while the courts in the country are yet to decide on those requests in separate proceedings. Kwon and five others connected to Terraform Labs are wanted due to allegations of fraud and financial crimes in relation to the implosion of its digital currencies in May 2022. The TerraUSD was designed as a “stablecoin", which are pegged to stable assets like the US dollar to prevent drastic fluctuations in prices. However, around $40bn in market value was erased for the holders of TerraUSD and its floating sister currency, Luna, after the stablecoin plunged far below its $1 peg in May. South Korea asked Interpol in September to circulate a “red notice” for Kwon across the agency’s 195 member nations to find and apprehend him. US regulators in February charged Kwon and his company Terraform Labs with “orchestrating a multi-billion dollar crypto asset securities fraud”. Read More Crackdown on firms marketing cryptoassets to be introduced by City regulator Singapore punishes state fund managers who invested in FTX Police: Crypto firm founder Do Kwon arrested in Montenegro North Korea ‘bitterly criticised’ officials for failed spy satellite launch Families in North Korea ‘starving to death’ due to lack of supplies – report MeToo: Taiwan rocked by wave of sexual harassment allegations sparked by Netflix show

KYIV (Reuters) -Russia attacked military and infrastructure targets across Ukraine early on Tuesday, including in the capital Kyiv and the

By John Kruzel and Andrew Chung WASHINGTON The U.S. Supreme Court is expected to decide by the end

The former second-ranked women's tennis player Anett Kontaveit announced on Tuesday that she would be retiring in July after Wimbledon...

President Joe Biden will convene a group of technology leaders in San Francisco to debate artificial intelligence

Provides an overview of the United States, including key facts about this north American country.

'It is my family's and my wish for me to be laid to rest with my daughter and the love of my life when that time comes,' said Priscilla

Egypt hiked the minimum wage for private-sector workers for the second time in six months, as a series

WWE's current Women's World Heavyweight Champion Rhea Ripley was the subject of a gross Instagram prank on Sunday which was referenced by commentator Corey Graves on Monday. The Australian wrestler shared an Instagram story on Sunday, apparently by accident, that a fan had tagged her. The image, which we can't describe in too much detail, featured a picture of Ripley as well as some crass additions that the fan had made to the picture. Wrestling were shocked at the image but also expressed their sympathy with Ripley's "unfortunate" error. Journalist David Bixenspan wrote on Twitter: "I guess the good news is that Rhea Ripley had somehow managed to avoid hearing about that creepy trend among pervy wrestling fans?" Ripley didn't delete the story but it was vaguely alluded to on WWE television during Monday's episode of Raw. Sign up to our free Indy100 weekly newsletter As she made her way to the ring Graves said to his co-commentator Kevin Patrick: "I know you are a big fan KP. I saw that picture you sent to her on Instagram that was on her story. You're a big hit." Fans were pretty shocked that Graves would mention the story live on air given its graphic content. WWE is still considered to be a PG show. WWE is a scripted show and Graves was likely told to or had approval to say the line. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

By Joanna Plucinska and Valerie Insinna PARIS (Reuters) -Ukraine is in negotiations with Western arms manufacturers to boost production of

Federal Reserve Chair Jerome Powell will have an opportunity this week to clarify what many found a confusing