Binance Founder Gets Four Months in Prison

On Tuesday it was time for Changpeng “CZ” Zhao to ask for forgiveness, yet prosecutors weren’t exactly in the mood to grant it. In a court filing before his sentencing hearing, they cited the flippant attitude on display in this and other remarks as one of the reasons they recommended the court give him three years in prison, longer than what guidelines prescribe, following his guilty plea to violating anti-money laundering laws in November. David Gura has more.

--------
More on Bloomberg Television and Markets


Connect with Bloomberg Television on:

Connect with Bloomberg Business on:

More from Bloomberg:


Watch more on YouTube:

[SW-wfgy]

Tons of other banks and exchanges should get jail. He’s made scapegoat cos US govt is jealous of Binance

[cents]

Then SEC should be sentenced for 4 years

[Inkie.Apparition]

4 months is nothing. Also, 50 milllion, to someone with a net worth of 96 billion, is also nothing. You might as well have let him go.

[kkw]

Why bosses of big banks not sent to jail?

[multatuli]

It would be bearish for 4 months too 😂

[jonsnow]

Another free pass for a fee for the elites .

[__Mauro__]

The difference between CZ and sam . Is a smart scammer and a dumb one.

[TheBlueboy]

Wow, someone is so jelly😂 no wonder why bitcoin founder didn't show his face😂

[tjbwxpr]

They're all the same. Had the nerve to take the piss out of Sam Bankman.

[wjzjeqv]

He’s gonna be paying a lot of people in prison to keep him safe

[charlessmyth]

I suspect the exchange of a lot of gold of a super-grass agreement to get this golden parachute of a deal :-)

[XJLCA]

Only four months???! Is Money Laundering a petty crime in the US?

[qgeubtg]

I just saw him face and body match is 100% how is he there also ?

[archieabela]

They need a catalyst so here it is. Good for discount buyers

[ianmalcolm]

I believe that CZ was convicted of creating a system that allowed " money laundering". I do not think that there is any evidence that CZ personally laundered money or even knew that there was money laundering. To suggest that CZ needed to launder money is absurd on its face. CZ was (and still is) a danger the corrupt system of fiat currency. Whether or not this played a part in all this is the obvious question.

[developement]

Biance customer service is a scam, sell everything before it's to late

[qgeubtg]

Yes iam 100% sure its him . Lmao unbelievable

[ArabicReja]

Is it because he's Chinese, he's only sentenced to 4 months?
It should be 40 years!