Current location:sport >>
Binance founder Changpeng Zhao faces sentencing; US seeks 3
sport938People 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.“Global Grandeur news portal”。http://martinique.whetstonetavern.com/news-67e199916.html
Related articles
Xi in My Eyes
sportContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【sport】
Read moreRecord foreign visitors to Japan reported in February
sportThe number of foreign visitors to Japan rose 89.0 percent in February from a year earlier to about 2 ...
【sport】
Read moreQUENTIN LETTS: We can guess who plenty of Labour MPs would cheer in an Israel
sportSir Keir Starmer did his 'I'm a moderate' act but the benches behind him wriggled and itched and sur ...
【sport】
Read more
Popular articles
- Xi Holds Talks with Sierra Leonean President
- Cubs place Seiya Suzuki on 10
- The marathon task of trying America's most famous man: Trump 'smirked' as he became the first ex
- Pache's single, Harper's catch in 10th inning lift Phillies past Rockies
- Feature: Surinamese villagers enjoy electricity supply thanks to eco
- EPHRAIM HARDCASTLE: First
Latest articles
Xi Says China
Xi, Tokayev send congratulations to launch of Kazakhstan tourism year in China
GENERAL JACOB NAGEL: Why Israel's failure to strike back at Iran could lead to NUCLEAR WAR
China's top political advisory body holds 3rd plenary meeting of annual session
Maduro expresses faith in BRI, Huawei
Capitals beat the Bruins 2
LINKS
- China hands over first batch of vaccine donation to Maldives
- China, Thailand enter 'visa
- EU condemns Turkish decision to convert Hagia Sophia back to mosque
- Interview: IMF official warns lack of vaccination in low
- People buy sheep at livestock market ahead of Eid al
- China donates more PPEs to help Namibia fight COVID
- Indians in China say life was peaceful in China until Indian's ban of WeChat
- UK announces fresh measures to support jobs, spur recovery amid coronavirus crisis
- U.S. CDC urges all Americans to wear masks
- Xi Inspects Nanning in South China's Guangxi