Richard

Long

United

Terra Classic

April

U.S. Department of Justice (DOJ) prosecutors request the court to tighten bond conditions of Changpeng “CZ” Zhao, former Binance CEO, ahead of criminal sentencing for violating <a href="https://coingape.com/glossary/anti-money-laundering-aml/" target="_blank" rel="noopener noreferrer nofollow">anti-money laundering</a> (AML) law.
<h2 id="doj-asks-court-to-tighten-bail-conditions-of-changpeng-cz-zhao">DOJ Asks Court to Tighten Bail Conditions of Changpeng “CZ” Zhao</h2>
US attorneys propose new bond conditions consistent with the December order by Judge Richard Jones that <a href="https://coingape.com/breaking-binance-founder-ordered-to-stay-in-us-until-his-sentence-hearing/" target="_blank" rel="noopener noreferrer nofollow">Changpeng “CZ” Zhao</a> must remain in the continental U.S. until sentencing, turning down CZ’s requests to travel to his family in the UAE.
Also, Judge Jones said CZ must remain in the U.S. and under Pretrial Services supervision through sentencing. Prosecutors claim the bond conditions should be revised to reflect those orders, tightening the grip on Binance’s former CEO CZ.
DOJ prosecutors urged the court to delete conditions listed under “Other Special Conditions”. The new special conditions are:
<ul>
 <li>CZ must remain in the continental U.S. until the imposition of sentence.</li>
 <li>He must notify Pretrial Services and the government of any travel within the continental United States at least three days before the travel.</li>
 <li>Changpeng Zhao must surrender his current Canadian passport to his counsel-supervised third party, surrendering all other current and expired passports and travel documents to his counsel.</li>
 <li>Defendant may not change his place of residence without prior approval from authorities.</li>
</ul>
Changpeng “CZ” Zhao’s lawyers have objected to the proposed bond conditions, according to the <a rel="noopener noreferrer nofollow" href="https://storage.courtlistener.com/recap/gov.uscourts.wawd.328570/gov.uscourts.wawd.328570.63.0.pdf" target="_blank">filing</a>.
Also Read: <a title="LUNC News: Terra Classic Community Rejects Tax2Gas Proposal, But There’s A Catch" href="https://coingape.com/lunc-news-terra-classic-community-rejects-tax2gas-proposal-but-theres-a-catch/" target="_blank" rel="noopener noreferrer nofollow">Terra Classic Community Rejects Tax2Gas Proposal, But There’s A Catch</a>
<h2 id="doj-seeking-long-criminal-sentence">DOJ Seeking Long Criminal Sentence</h2>
In response to latest proceedings, including <a href="https://coingape.com/just-in-court-delays-binance-founder-czs-criminal-sentencing-heres-why/" target="_blank" rel="noopener noreferrer nofollow">CZ’s criminal sentencing postponed</a>&nbsp;to April end.&nbsp;CZ&nbsp;faces an 18-month prison term for violating&nbsp;anti-money laundering (AML)&nbsp;rules, but DOJ attorneys are looking for a long-term criminal sentence.
Moreover, prosecutors have received <a href="https://coingape.com/us-doj-request-new-order-case-against-ex-binance-ceo-changpeng-cz-zhao/" target="_blank" rel="noopener noreferrer nofollow">protective order</a> from the court regarding the sensitive information in the lawsuit. This includes sensitive witness interviews, third-party financial records, and third-party internal business records.
Meanwhile, Judge Jones has also approved the <a href="https://coingape.com/judge-sanctions-binances-4-3-billion-plea-deal-in-us-court/" target="_blank" rel="noopener noreferrer nofollow">$4.3 billion plea deal</a> by Binance, which includes a $1.81 billion criminal fine and $2.51 billion of forfeiture.
Also Read: <a href="https://coingape.com/us-senator-cynthia-lummis-supports-bitcoin-miners-in-rift-with-energy-department/" target="_blank" rel="noopener noreferrer nofollow">US Senator Cynthia Lummis Supports Bitcoin Miners In Rift With Energy Department</a>
The post <a href="https://coingape.com/us-doj-tightens-grip-on-binance-ex-ceo-changpeng-cz-zhao-details/" rel="noopener noreferrer nofollow">US DOJ Tightens Grip on Binance Ex-CEO Changpeng “CZ” Zhao: Details</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

US DOJ Tightens Grip on Binance Ex-CEO Changpeng “CZ” Zhao: Details

Table of Contents

Coingape News Media

Other articles published on Feb 24, 2024

Binance Coin (BNB) Shows Resilience in Volatile Market

Cardano (ADA) Holders Should Note This Crucial Yoroi Wallet Message

Web3 decentralized streaming DeeStream (DST) presale hits home for Cardano (ADA) & Bitcoin (BTC) ...

Are AI-Controlled Aircraft the Key to Air Superiority?

Nintendo Switch 2 Announce Potential Launch in Q1 2025

New and Best Meme Coins To Buy Saturday, February 24 – TokenFi, Pitbull, Oogi, Sponge V2

Join our free newsletter for daily crypto updates!