The legal team of Terraform Labs’ former CEO Do Kwon declares that the United States Securities and Exchange Commission (SEC) demands for his deposition are unrealistic.
“The motion should be denied because it would be impossible for Mr. Kwon to appear for such a deposition,” Kwon’s lawyers declared.
Do Kwon’s Lawyers Assert SEC Deposition Request Is Infeasible
In a recent court filing, Kwon’s legal team vehemently opposed the SEC’s request to prevent them from submitting requests on Kwon’s behalf:
“The SEC’s request for alternative relief—an order precluding Defendants from submitting a statement by Mr. Kwon on summary judgement—should also be rejected.”
According to the filing, Kwon has never opposed the SEC the opportunity to depose him. Kwon’s lawyers claim that he has already testified to the SEC for “approximately 21 hours” over the two-year investigation.
In compliance with an SEC subpoena, Kwon allegedly spent two full five-hour days testifying under oath.
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Additionally, he claims to have devoted five hours to testifying before Singapore authorities. Furthermore, he allegedly participated in six hours of interviews with the SEC.
Kwon presently remains in custody at a Montenegrin prison. On June 19, He was convicted of hav
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Author: Ciaran Lyons
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