Overview
- U.S. District Judge Paul A. Engelmayer sentenced Kwon to 15 years and ordered $19 million forfeiture after prosecutors had recommended 12 years.
- Under his plea deal, U.S. authorities said they would not oppose an International Prisoner Transfer request once he serves half of his sentence.
- Seoul prosecutors say a domestic case would proceed independently and could exceed 30 years if he is convicted under the Capital Markets Act.
- The Seoul Southern District Prosecutors’ Office has maintained an arrest warrant since September 2022 tied to alleged securities violations.
- Korean authorities estimate about 200,000 domestic victims with losses near 300 billion won, a factor prosecutors cite in seeking a local trial.