앙꼬코인

Search
Close this search box.

U.S. Department of Justice “changed its mind” or Zhao Changpeng imprisonment to 3 years?Defense documents reveal a warm side

On April 24, the U.S. Department of Justice said that CoinSec founder and former CEO Zhao Changpeng should serve three years (36 months) in prison, according to the reasons given, which should be increased because U.S. Department of Justice attorneys believe that Zhao helped CoinSec to violate federal sanctioning and money laundering laws, and say that he has to pay a greater price.Given that the U.S. court is due to sentence Zhao Changpeng next week, the sudden offer by the U.S. Department of Justice to increase the sentence at this time has come as a surprise to the crypto community.Why did the U.S. Department of Justice suddenly “change its mind”?Last November, Zhao Changpeng announced his resignation as CEO of Coin, while admitting to violating the U.S. Bank Secrecy Act, for anti-money laundering and violation of U.S. sanctions criminal charges pleaded guilty, and in this regard, reached a settlement with the U.S. regulators and pay up to $4.3 billion in fines, and this $4.3 billion in astronomical fines, the Financial Crimes Enforcement Network (FinCEN) settlement of $3.4 billion and the Office of Foreign Assets Control (OFAC) settlement of $968 million, which paid $3.4 billion to the Financial Crimes Enforcement Network (FinCEN), $2.7 billion was paid to the Commodity Futures Trading Commission (CFTC) (Related: Coin CZ Era Comes To an End! Spending $4.3 Billion To Settle With U.S. Department Of Justice, Richard Teng As CEO)Under the terms of the previously disclosed plea agreement, Zhao was expected to be incarcerated for no more than one and a half years (18 months) instead of the maximum 10 years after accepting the fine, so Zhao also waived his appeal and was subsequently released on $175 million bail, with his sentencing expected to take place on April 30.However, the situation seems to have suddenly changed, with the U.S. Department of Justice somehow deciding to increase the penalties all of a sudden, it argued in a sentencing memorandum filed on Tuesday:”The decision in this case sends a signal not only to Changpeng Zhao, but also to the world, that Zhao has violated U.S. law for huge rewards, and that the cost of such violations must be enormous in order to effectively punish Zhao for his criminal behavior and to deter others from attempting to build fortunes and business empires by violating U.S. law. it is therefore recommended that the Court impose a sentence of 36 months imprisonment above the Guidelines.”

+5

로그인 하시고
하트를 보내세용

AD

Log in, leave a comment and earn ANKO
로그인해서 댓글 달고 ANKO 버세요.

Subscribe
Notify of
0 💬
Inline Feedbacks
View all comments