Your arguments are essentially shifting blame from the fraudster to the victim... not unlike the kind of arguments that suggest certain rapes or murders are also the victim's fault for either dressing suggestively or travelling through the wrong part of town at the wrong time. While those things may actually be unwise, that the victim didn't act with wisdom or prescience doesn't relieve the perpetrator of culpability nor make the victim deserving of such violation. Wisdom merely dictates that it might be better for you to avoid the risk of becoming a victim if you can.
I personally don't engage in these kinds of financial instruments because I feel the risks are pretty high.... but I absolutely applaud the government pursuing a fraudster where ever they can... without regard to the wisdom, or foolishness, of the victim.
You are victim blaming me for being unhappy with this.
As for why the government is doing this, it's very beneficial for the US to demonstrate its long arm of the law as a lesson to other criminals.
We are a laughing stock. Dump your criminals on the US taxpayers to play world police.
>You are victim blaming me...
I think someone needs to go for a walk.
I'm not crazy, this world is.
There are people who feel that a wrong should be righted, and there are those who may disagree. That's okay. Nobody is crazy for disagreeing. But that's what happens in this sorta system - sometimes, people think money is wasted if it's something that they disagree with. There will never be a way to make everyone agree with every prosecution, or use of tax dollars.
C'est la vie.
Would you applaud China for trying to extradite you for "spreading unrest and destabilizing the political situation in the country", AKA posting a meme offensive to their regime?
Given the fact that I find Iranian women to be extremely hot, and that the country from which I hail has enough nukes to turn that entire desert into glass – No.
If you don't think so, can you explain why not?
Lawmakers/prosecutors do know that they are unlikely to recover a majority of lost funds. They’re going to put this man behind bars as a deterrent to others who want to (allegedly) defraud Americans.
I hope this is meant sarcastically.
The indictment lists a bunch of ways that ties his crimes to the US
>KWON solicited and obtained investments from a number of investment firms in the United States and other locations [...]
>DO HYEONG KWON, the defendant, nonetheless fraudulently promoted Chai to investors in the United States [...]
>On or about October 12 , 2020, KWON sent an email to a representative of an investment firm based in New York containing a Terraform promotional document falsely claiming [...]
>On or about October 14 , 2019, KWON made a false and misleading statement during a CNBC presentation transmitted to, among other places, the Southern District of New York, about Chai 's usage of the Tena blockchain [...]
I understand the desire for justice, just sick of the government forcing me at gunpoint to pay to fly around these guys operating overseas stealing from people trying to operate outside the US financial system. Maybe they should take a charity donation for jailing foreign operating criminals and leave me out of it.
I'm not saying you can't seek justice, i just want to be left out of it.
How so?
"all us taxpayers" benefits from capital markets that aren't rife with fraudsters.
Unfortunately South Korea is unreasonable lenient on financial crimes, Koreans all know it, and Kwon himself knows it. That's why he's been fighting to get extradited to Korea instead of the US.
At the very least there seems to be little to no evidence it moves the needle.
If you asked me I'd say most effectual would be a combination of public announcements on avoiding crypto scams and a revival of banking secrecy with no kyc or AML, as that would steal massive capital from crypto markets and scammers.