Quote from: Oshosondy on April 24, 2024, 08:02:38 AM

The Binance founders and former CEO, Changpeng Zhao is expected to be sentenced on April 30. He pleaded guilty for money laundering last year and he paid a fine of $50 million.

The sentence may likely be 3 years.

https://cointelegraph.com/news/binance-cz-jail-36-months-us-prosecutors

Hahaha...I am just seeing this now, well, Changpeng Zhao has already been sentenced already, but I must say that I am not satisfied with the jail term handed to him. The 4-month jail term handed to him is too little and I think that regardless of whether he pleaded guilty or not, the 36 months (3 years) was supposed to be a more appropriate sentence in my opinion to be a deterrent for others like him. Before you close and open back your eyes the 4 months are over, this will never teach these rich guys any lesson.

They will continue the money laundry and illegal acts simply because they have money. This is also the reason why I keep asking myself whether the law is for the poor alone as the rich due to the money they have and their status in society always find their way around it to either escape justice or be served a minimal one.