Nov 24 (Reuters) - Lawyers for former Binance CEO Changpeng Zhao are urging a U.S. judge to reject the Justice Department’s request to bar him from returning to his home in the United Arab Emirates until he is sentenced for violating anti-money laundering requirements.
Yeah there’s no reason why they should let him.
The UAE will shield him from extradition if he is allowed to return home because he is rich.
He is the very definition of “Flight Risk” because he has:
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Means - UAE will support him if he seeks asylum and/or legal aid. Binance is not based in the USA; so it cannot be dissolved by a US court finding. It will likely not fire him because of these charges, due to the nature of cryptocurrency.
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Motive - The USA will not be able to quickly extradite him if he flees, and fleeing is in his interest to avoid being charged or jailed and ensure he keeps his job.
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Money - He still has lots of money. Unlike SBF; he wasn’t suddenly bankrupted by Binance failing. Binance still exists and will continue to do so Without the USA allowing it to do business in it’s borders!
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Revoke his bail as he is now showing an indication of a flight risk.
Should be pretty easy to get him back, right? The US has reasonably good relations with UAE, and could confirm in advance that they’d extradite. Sure, maybe he cpuld more easily disappear into some other country; freeze all his accounts? And when they do get him back, he’d be going away for longer.
I dunno. He’s a crook, but it’s not like he’s some truly horrible villain, like Trump.
It’s the fact that there is no extradition treaty in place that would give a legal basis to get him back making it not so easy. Also, the justice department only agreed on letting him out on bail only because they could thought they could manage the flight risk by imposing travel restrictions. It says all this in the article.
This part is my opinion but seeing as he helped launder money for terrorist groups, many of which are based in that region of the world, combined with the other resources at his disposal, there is a definite risk that he has a “change of heart” and attempts to evade his sentence.
Knowingly and willfully laundering hundreds of millions of dollars for Iran, Syria, North Korea, Russia, and people engaging in the exploitation of children is definitely villainous. More so than Trump.
“Please let me flee and avoid the consequences as I am rich your Honor.”, rich dude at trial.
I am actually surprised China is letting this happen. They must be pissed with this dude.
He really did burn all his friends with one ego tweet to Sam Bankman.
What, exactly, could China do to prevent the US from sentencing a criminal in their own borders?
China has no say in letting it happen. The company is not based in China. He is a Canadian citizen and resides in the UAE. He was born in China but it’s a little late for them to get involved in that.
Binance sounds like a financial institution for bisexuals.
As long as you’re bisexual in need of illegal money laundering then they don’t discriminate.
U.S. authorities said Binance broke U.S. anti-money laundering and sanctions laws and failed to report more than 100,000 suspicious transactions with organizations the U.S. described as terrorist groups including Hamas, al Qaeda and the Islamic State of Iraq and Syria.
Never gets old
