Current location:Stellar Stance news portal > business
Binance founder Changpeng Zhao faces sentencing; US seeks 3
Stellar Stance news portal2024-05-22 02:53:10【business】3People 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://macedonia.spaceforanything.com/html-34a799222.html
Very good!(5)
Related articles
- Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
- Once praised, settlement to help sickened BP oil spill workers leaves most with nearly nothing
- Chinese lawmakers deliberate work report of NPC Standing Committee
- Hard right makes hay with European farmers' anger ahead of June elections
- Jodie Turner
- Replays in the FA Cup scrapped from next season. It removes a big money
- Croatia election: A showdown between president and prime minister
- Croatia election: A showdown between president and prime minister
- Kevin Pillar gets 1,000th career hit in Angels' win at Texas
- Indonesia's Mount Ruang erupts and shuts an airport as residents leave homes
Popular articles
Recommended
Macron is making a surprise trip to New Caledonia amid deadly unrest and indigenous frustration
Powerful 6.3
Dutch King Willem
Amanda Holden showcases her toned figure in an elegant coral red dress as she runs errands
Mystery artist who erected signs comparing pothole
Croatia election: A showdown between president and prime minister
Genius iPhone hack will save you so much time when traveling
UK Conservatives suspend lawmaker as sleaze allegations swirl over possible misuse of party funds
Links
- Students Prepare for National College Entrance Exam in China
- China Strengthens Efforts to Protect Asian Elephants
- China Beats Turkey in Women's Volleyball Nations League
- Balanced Development of Education Benefits Students of All Ethnic Groups in Xinjiang
- China Honors Shenzhou
- Digital Economy Provides Enormous Opportunities for Women
- China to Host Global Conference on Sci
- Graduation Ceremony Held at Kindergarten in Lanzhou, NW China's Gansu
- China Tops World in Number of World Natural Heritage Sites
- UN Hails China Lessons in Poverty Fight