Current location:travel >>
Binance founder Changpeng Zhao faces sentencing; US seeks 3
travel45277People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Wave news portal”。http://grenada.bankruptcyintn.com/content-90c399600.html
Related articles
Biden says Brown v. Board of Education ruling was about more than education
travelWASHINGTON (AP) — The landmark 1954 Supreme Court ruling that desegregated schools was about more th ...
【travel】
Read morePolish defense minister fends off criticism after he says he keeps an emergency backpack ready
travelWARSAW, Poland (AP) — Poland’s defense minister said Thursday that since early in Russia’s war again ...
【travel】
Read moreRoyal Navy nuclear submarine officer who killed two young women with car is jailed for 10 years
travelA Royal Navy officer on a nuclear submarine killed two young women when he smashed head-on into thei ...
【travel】
Read more
Popular articles
- Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
- Tragedy for family as 15
- Europe Day: Celebrations stay humdrum as all eyes on crucial EU election
- First round of PGA Tour Champions' Regions Tradition starts after weather delay
- Brazil replaces injured goalkeeper Ederson in Copa America squad
- Hurricanes make change in net. Go to Pytor Kochetkov for Game 3 against the Rangers
Latest articles
Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
Bread loaves recalled in Japan after 'rat remains' were found
UK's little
Japanese defense aircraft makes emergency landing after window glitch. No injuries were reported
‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
REVEALED: The truth about the real
LINKS
- Universities Make Significant Progress in China's Sci
- Tourism Featuring ASEAN Cultures Heats up in Border Region
- China Opens Women's Volleyball Worlds with Straight
- China to Bolster Support for Childbirth, Parenting
- China Holds Conference on Internet Civilization
- GLOBALink
- Ancient noble tomb found in east China's Jiangsu
- China Holds Conference on Internet Civilization
- Children Enjoy Summer Vacation in Shenyang
- China Made Solid Progress on Elderly Care over Past Decade: NHC