Current location:International Impression news portal > business
Binance founder Changpeng Zhao faces sentencing; US seeks 3
International Impression news portal2024-05-21 19:03:51【business】2People 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://sudan.fidosfortywinks.com/content-45a899100.html
Very good!(63)
Related articles
- Six killed in a 'foiled coup' in Congo, the army says
- GT Voice: US Treasury yield signals economy in ‘vicious cycle’
- Hangzhou Asian Games opening new, inspiring chapter for China's sports undertaking
- Friendship Standing Test of Fire and Blood
- What a blast to work at NASA. Space agency is sky
- Royal Marines preparing to lead 'Dunkirk
- Water conservancy repairs were organized to ensure irrigation in Yangzhou
- Friendship Standing Test of Fire and Blood
- Yvette Fielding says her Most Haunted co
- 1 killed, multiple injured as storms hit U.S. South
Popular articles
- Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
- London mayoral hustings descends into mayhem as Sadiq Khan is heckled by man about the 'absolute doo
- US smears, blames China, and shirks its own responsibility on fentanyl issue: Chinese FM
- Commentary: Forced labor fallacy debunked by facts
Recommended
Cruise worker 'murders newborn son on board ship': Shocked co
DAILY MAIL COMMENT: Will Rayner now tell the whole truth?
Commentary: Global community must stop Japan dumping nuclear
Residents of Beijing
Biden says Brown v. Board of Education ruling was about more than education
Samantha Fox is still married to her Norwegian wife Linda Olsen
Britain's Gibraltar concessions with Spain just to reach a post
'Liusanjie of New Generation' Sings for New Era
Links
- Joel Embiid returns from injury scare, scores 32 as 76ers beat Magic 125
- Private US moon lander still working after breaking leg and falling, but not for long
- Vikings had windows, another shift away from their image as barbaric Norsemen, Danish museum says
- 'Sasquatch Sunset' review: Should you watch this movie about a family of Bigfoots?
- Goldman, Brown families could be first in line for OJ Simpson's assets
- Russia aborts second attempt to launch a heavy
- CBS says its daytime show 'The Talk' will end its run in December after 15 seasons
- Universal Pictures teases ‘Wicked’ and announces ‘Five Nights at Freddy’s 2’
- The O.J. Simpson case forced domestic violence into the spotlight, boosting a movement
- Movie Review: Bill Nighy, Michael Ward shine in Netflix’s Homeless World Cup crowd