2024-5-1 08:59 |
CZ will focus on education after serving his four-month prison sentence origin »
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Changpeng Zhao, the ousted CEO of cryptocurrency exchange giant Binance, walked away from court this week with a sentence many see as a slap on the wrist. Zhao, better known in the crypto world as “CZ,” received four months in prison for failing to implement sufficient anti-money laundering (AML) safeguards at Binance. Related Reading: Stagflation […]
2024-5-1 10:30 | |
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Judge Richard Jones said he spent the weekend pouring over the voluminous letters of support for the ex-CEO of Binance until the book they were contained in literally fell apart.
2024-5-1 01:25 | |
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Binance founder faces a 36-month prison term, spotlighting illicit activities in the crypto space. Legal actions against Binance and earlier FTX raise questions about crypto adoption. AmidstThe post Binance founder CZ says 'no excuse for actions' as he faces 3-year sentence appeared first on AMBCrypto.
2024-4-30 17:00 | |
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Former Binance CEO Changpeng "CZ" Zhao now faces the genuine possibility that he'll spend three years in federal prison in the U.S. – well above the possible 18 months laid out in his plea agreement.
2024-4-29 16:30 | |
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Yesterday, U. S. prosecutors stated that Binance’s founder Changpeng Zhao should serve a prison sentence of 36 months for pleading guilty to violating laws against money laundering. Changpeng Zhao’s sentencing Zhao, also known as CZ, will face his sentence in Seattle on 30 April.
2024-4-24 16:37 | |
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The US Department of Justice has recommended a 36-month prison sentence alongside a $50 million fine for the former CEO of Binance, Changpeng Zhao. In response, Zhao’s legal team contends that his incarceration would be unprecedented, citing no prior instances of imprisonment in similar cases.
2024-4-24 11:59 | |
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Former FTX executive Ryan Salame will be issued a prison sentence on May 28 following his guilty plea last September.
2024-4-11 21:34 | |
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What does the future hold for the platform now that Bankman-Fried faces decades in prison, and is there any chance for a revival of the FTX exchange? Once a leading name in the crypto world, FTX faced a dramatic downfall…
2024-4-10 18:22 | |
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Irina Dilkinska's four-year sentence marks a significant chapter in the OneCoin scandal, underscoring the legal system's commitment to dismantling financial fraud and restoring market integrity.
2024-4-5 10:30 | |
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OneCoin, the cryptocurrency project that morphed into a notorious pyramid scheme, continues to cast a long shadow. Yesterday, Irina Dilkinska, the former head of Legal and Compliance for OneCoin, was sentenced to four years in prison by US District Judge Edgardo Ramos for her role in the multi-billion dollar scam. Related Reading: Move Over Gold, […]
2024-4-4 18:00 | |
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FTX founder and former CEO Sam Bankman-Fried has said "of course" he is remorseful for his actions after he was sentenced to 25 years in prison for fraud last week.
2024-4-3 08:19 | |
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Former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison for fraud. Memecoins like Sam Baseman Fraud reflect the trend of topical-themed tokens. In a significant development, forThe post Up by 23,300%? How FTX founder's sentence sparked memecoin frenzy appeared first on AMBCrypto.
2024-3-29 18:30 | |
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He did incalculable harm, but arguing for a sentence longer than 25 years is unfair to the man and the industry he once represented.
2024-3-31 19:49 | |
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Sam Bankman-Fried has been sentenced to 25 years in prison for orchestrating the $8 billion fraud scheme that precipitated the collapse of the cryptocurrency exchange FTX. Following his conviction on seven counts of wire fraud and conspiracy in November 2023, the former billionaire entrepreneur received his sentence.
2024-3-28 19:28 | |
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In a pivotal ruling, Sam Bankman-Fried receives a 25-year sentence for fraudulent activities leading to significant financial losses, casting a shadow over cryptocurrency's future. The post FTX Founder Sam Bankman-Fried Sentenced to 25 Years in Prison appeared first on BeInCrypto.
2024-3-28 18:48 | |
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As Sam Bankman-Fried, the founder and former chief executive officer (CEO) of defunct crypto exchange FTX readies for his prison sentence, prosecutors have formally requested the court to authorize the sale of two jets linked to the former crypto billionaire.
2024-3-24 22:00 | |
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Sam Bankman-Fried's lawyers have pushed back against the U.S. government's sentencing memo which makes the case for why it thinks the former FTX CEO should be handed a sentence in the range of 40-50 years, a court filing on Wednesday shows.
2024-3-22 06:43 | |
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Sam Bankman-Fried’s lawyers criticize prosecutors’ 50-year prison proposal as distorted, amid wire fraud and conspiracy accusations related to his crypto empire’s downfall. U.S. prosecutors’ proposal to put FTX founder Sam Bankman-Fried in prison for as long as 50 years adopts…
2024-3-20 10:33 | |
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Federal prosecutors have requested a prison sentence of 40 to 50 years for FTX founder Sam Bankman-Fried (SBF) following his conviction for conducting one of the most significant financial frauds in recent times through the misappropriation of over $8 billion of customer funds.
2024-3-16 23:14 | |
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Former FTX chief Sam Bankman-Fried could face a prison term of 40 to 50 years
2024-3-15 22:35 | |
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Prosecutors recommended that a federal judge sentence FTX founder and former CEO Sam Bankman-Fried to at least 40 and as many as 50 years in prison for his conviction on fraud and conspiracy charges tied to the collapse of what was once one of the world's largest crypto exchanges.
2024-3-16 21:32 | |
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The CEO of a Las Vegas Internet company could face a 127-year prison sentence following his conviction for laundering over $4 million with Bitcoin, funds connected to Mexican cartels, and a hacked charity, according to the Department of Justice. Martin…
2024-3-7 12:43 | |
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In a high-profile case that has garnered considerable attention, Sam Bankman-Fried, the disgraced CEO of the now-bankrupt FTX crypto exchange, is seeking a lighter sentence, citing his autism spectrum disorder.
2024-3-3 03:00 | |
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Defense lawyers argue that Sam Bankman-Fried should be given a maximum prison sentence of between 63 to 78 months.
2024-2-29 18:13 | |
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FTX’s Bankman-Fried seeks mercy, apologizes for $8 billion fraud, and implores the judge to reject the recommended 100-year jail term. Sam Bankman-Fried, the disgraced founder of the FTX crypto exchange, is trying to get a shorter prison sentence after he…
2024-2-29 10:45 | |
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Former FTX boss Sam Bankman-Fried (SBF), found guilty of fraud last year and due to be sentenced next month, has asked the court for a 'just' sentence of 63 to 78 months, according to a court filing submitted Tuesday.
2024-2-29 09:19 | |
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Allegations against Bitsonic's CEO include disguising the exchange's operations while profiting from users and manipulating token prices, while the CTO faces charges for interfering with trading operations to benefit the CEO's schemes.
2024-2-7 10:30 | |
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In a significant legal development, Mark Scott, a lawyer implicated in the notorious OneCoin cryptocurrency pyramid scheme, has been sentenced to 10 years in federal prison. This follows his conviction for bank fraud and money laundering related to the OneCoin project, which amassed nearly $4 billion between 2014 and 2016.
2024-1-26 13:27 | |
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Esteban Cabrera Da Corte, a Miami gang leader, has been handed a 63-month prison sentence by a federal court in New York for orchestrating a cryptocurrency scam that defrauded US banks and a prominent exchange of over $4 million.
2023-12-2 06:00 | |
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With a potential prison sentence looming, Zhao's legal team argues against flight risk concerns
2023-11-27 22:45 | |
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U.S. prosecutors are ramping up pressure on former Binance CEO Changpeng Zhao, better known as CZ, as they consider seeking a maximum 10-year prison sentence for his involvement in financial violations.
2023-11-28 16:10 | |
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The DOJ urged Judge Richard A. Jones to reconsider Zhao's ability to travel, highlighting the risk of non-extradition from the UAE, a concern that intensifies his flight risk.
2023-11-27 10:12 | |
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The former Binance CEO is facing a potential 10-year prison sentence for violating the Bank Secrecy Act
2023-11-27 21:09 | |
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Changpeng Zhao, former Binance CEO, faces a possible 10-year sentence for violating the Bank Secrecy Act. This follows Binance's guilty plea and a record $4. 3 billion fine for its involvement in global criminal activities.
2023-11-27 20:55 | |
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In a filing on Nov. 24, U. S. prosecutors noted that they may go beyond the guidelines and seek the statutory maximum prison sentence of 10 years for former Binance CEO Changpeng Zhao (CZ). The prosecution’s filing was submitted in response to CZ’s opposition to the government’s motion to detain him in the U.
2023-11-26 19:06 | |
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In a recent development, South Korean prosecutors have requested an eight-year prison sentence for Lee Jung-hoon, the former chairman of the board of directors of Bithumb, the country’s second-largest cryptocurrency exchange.
2023-11-18 01:00 | |
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Prosecutors have asked for an eight-year sentence for former Bithumb Chairman Lee Jung Hoon, who is charged with violating the law for certain economic crimes. The 5th criminal division of the Seoul High Court held an appeal hearing on the…
2023-11-17 12:08 | |
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Lee Jeong-hoon, former Bithumb Chairman, faces an eight-year prison term. Prosecutors assert Lee misled Kim about joint Bithumb management, BXA Coin listing, and restructuring to evade financial regulations.
2023-11-17 11:28 | |
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Do Kwon’s final appeal to undo his incarceration in a Montenegrin prison was refused by a high court, leaving Terra’s former CEO awaiting extradition rather than freedom.
2023-11-17 18:58 | |
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The founder of Terraform Labs was sentenced to four months in prison, and faces extradition following the completion of his sentence.
2023-11-17 13:40 | |
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Sam Bankman-Fried’s (SBF) sentencing is slated for March 28, 2024, with the defendant facing up to 110 years after being convicted of all seven charges leveled against him. In line with this, some legal experts have weighed in, explaining why the former FTX CEO could get a shorter sentence and factors that could also affect […]
2023-11-10 20:00 | |
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Bankman-Fried’s crimes each carry a maximum sentence of five to 20 years in prison.
2023-11-7 22:30 | |
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FTX's Sam Bankman-Fried found guilty of all charges, stares down 110 year sentence after crypto exchange imploded in fraud scheme.
2023-11-3 03:28 | |
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After deliberating for just four hours, a jury has found former FTX CEO Sam Bankman-Fried guilty of wire fraud, conspiracy, and money laundering, and the one-time 'golden child' of crypto now faces a maximum sentence of 110 years in prison.
2023-11-3 15:00 | |
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The court has sentenced Amir Bruno Elmaani, the founder of the defunct crypto firm Oyster Protocol, to four years in prison for evading taxes. According to the US Attorney’s Office’s October 31 statement, 31-year-old Elmaani, alias Bruno Block, received the sentence after pleading guilty on April 6.
2023-11-1 19:00 | |
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Su Zhu, cofounder of 3AC, faces four-month prison sentence, per verdict of Singapore court
2023-9-30 16:57 | |
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Convicted fraudster Pablo Renato Rodriguez will also need to serve three years of supervised release after he finishes his 12 year imprisonment sentence.
2023-9-27 05:19 | |
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In a landmark verdict, Pablo Renato Rodriguez, the co-founder of AirBit Club, has been sentenced to 12 years in prison by US District Judge George B. Daniels. According to the US Department of Justice (DOJ), Rodriguez, along with his co-conspirators, masterminded a sprawling global pyramid scheme that defrauded investors of millions of dollars through false promises of cryptocurrency trading and mining profits.
2023-9-27 05:00 | |
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If he’s convicted of wire fraud and/or conspiracy charges, FTX founder Sam Bankman-Fried will probably spend quite a bit of time behind bars. But there’s a good chance the 31-year-old won’t spend the rest of his life in prison.
2023-9-26 13:00 | |
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