24 Apr 202413:12
Project update
U.S. Department of Justice wants CZ to spend 3 years in prison

U.S. Department of Justice wants CZ to spend 3 years in prison

Attorneys with the DOJ filed a sentencing memo arguing CZ should spend 36 months in prison and pay a $50M fine after he pleaded guilty to violating the Bank Secrecy Act. Zhao originally faced up to 18 months in prison under the terms of his plea agreement.