November 21, 2023|Press
Binance’s Zhao pleads guilty, steps down to settle US illicit finance probe
By: Chris Prentice, David Lawder and Jonathan Stempel
November 21, 2023
Daniel Silva, a partner at law firm Buchalter and former federal prosecutor, said the allegations likely could have supported charges against Zhao carrying stiffer penalties like fraud or money laundering. “He was at risk of much more serious charges, and so this resolution is a very favorable one for him,” Silva said.
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