Current location:entertainment >>
Binance founder Changpeng Zhao faces sentencing; US seeks 3
entertainment9People 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.“Stellar Series news portal”。http://ecuador.argoasecurityeu.com/content-34e699957.html
Related articles
English Premier League takes another step toward introducing a spending cap
entertainmentLONDON (AP) — The English Premier League has taken another step toward introducing a spending cap.At ...
Read moreBohai oilfield hits record high in production
entertainmentChina's largest crude oil producer, Bohai oilfield, hit a record in annual crude oil and natural gas ...
Read moreXi Sends Congratulatory Message to China
entertainmentContact Us HomeNewsHighlightACWF NewsSocietyWom ...
Read more
Popular articles
Latest articles
New York special election will fill vacancy in Congress created by resignation of Democrat Higgins
Xi in My Eyes
Chinese President Meets Red Cross President
Xi Story: Assessing Losses for Flood
Irish boxing champ Amy Broadhurst switches to Britain in Paris Olympics bid
China's car production, sales hit a record high
LINKS
- China's job market stable
- The Village Super League and the rural awakening
- World benefits from greater China
- China sees 160M domestic tourist trips during May Day holiday
- Benitez sacked by relegation
- Yemen's Houthi rebels claim downing US Reaper drone
- Thousands rally in Madrid to urge Spanish leader Pedro Sánchez not to resign
- Aerial photos show wide devastation left by tornado in China's Guangzhou
- More Chinese people hit road for Dragon Boat Festival
- Ancient villages boost tourism by innovation in Hebei