Current location:Worldly Window news portal > style
Binance founder Changpeng Zhao faces sentencing; US seeks 3
Worldly Window news portal2024-05-21 10:30:32【style】1People have gathered around
IntroductionSEATTLE (AP) — Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange,
SEATTLE (AP) — Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, faces sentencing Tuesday in a Seattle courtroom, where U.S. prosecutors are asking a judge to give him a three-year prison term for allowing rampant money laundering on the platform.
Zhao pleaded guilty and stepped down as Binance CEO in November as the company agreed to pay $4.3 billion to settle related allegations. U.S. officials said Zhao deliberately looked the other way as illicit actors conducted transactions that supported child sex abuse, the illegal drug trade and terrorism.
“He made a business decision that violating U.S. law was the best way to attract users, build his company, and line his pockets,” the Justice Department wrote in a sentencing memorandum filed last week.
Zhao’s attorneys, insist he should receive no prison term at all, citing his willingness to come from the United Arab Emirates, where he and his family live, to the U.S. to plead guilty, despite the UAE’s lack of an extradition treaty with the U.S. No one has ever been sentenced to prison time for similar violations of the Bank Secrecy Act, they said.
Address of this article:http://www.camilleandconfettis.com/news-45a899100.html
Very good!(922)
Related articles
- Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
- Dua Lipa 'invites two
- Fans react with horror to Britney Spears' meltdown amid new fears for her safety
- Third round of China Open canceled because of thunder and lightning. Event shortened to 54 holes
- Everybody may love Raymond, but Ray Romano loves Peter Boyle
- Arsenal keeps up Premier League title push with 3
- California Democrat is sent a 'DUI prevention kit' with a breathalyzer and non
- Khloe Kardashian shows off her curves in form
- Georgia Republicans choose Amy Kremer, organizer of pro
- Toney's goal drought continues after Brentford draws 0
Popular articles
Recommended
Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
Family tree reveals Taylor Swift is a descendant of French King Louis XIV
Rita Ora stuns in a sweeping orange coat and matching co
King Charles bursts into laughter as high
Messi in and Dybala out in Argentina squad for pre
Bayern left back Guerreiro sustains injury before Real Madrid in Champions League semifinal
Kentucky Derby to remain on NBC through 2032 in extension with Churchill Downs
Ireland knocks out Argentina again in Singapore Sevens
Links
- Feature: 69 years on, the Bandung Spirit remains alive in the Global South
- China's new quality agricultural productive forces to be fully developed: report
- Malaysia: 10 killed after two military helicopters collide during training
- Cate Blanchett ditches her red carpet gowns for a laid
- Denver Broncos introduce new uniforms for first time since 1997
- China's new quality agricultural productive forces to be fully developed: report
- Ecuador violence: Ecuadorians approve referendum measures to toughen fight against gangs
- China's manufacturing hub sees 9.1 pct foreign trade growth in Q1
- Mets cut reliever Michael Tonkin for 2nd time in 18 days, with a Twins stop in between
- Skubal has 9 strikeouts in 6 innings, Canha and Meadows homer as Tigers beat Rays 7