Binance founder CZ’s sentencing date postponed to late April

[Cordillerabit]

The criminal sentencing for Binance founder Changpeng "CZ" Zhao has been pushed back to April 30.

The “notice of rescheduled hearing” was filed in a Seattle Federal Court on Feb. 12. Zhao was originally due to be sentenced on Feb. 23 after pleading guilty to money laundering charges. He is expected to face as much as 18 months in prison.

He is expected to face as much as 18 months in prison, though a Nov. 24 filing from the prosecution, indicated that he may face a harsher punishment than initially anticipated.

“The defense claims that Mr. Zhao faces merely a “brief” sentence and has no incentive to flee. The reality is that the top-end of the Guidelines range may be as high as 18 months, and the United States is free to argue for any sentence up to the statutory maximum of ten years.”

Source: https://cointelegraph.com/news/binance-founder-changpeng-zhao-sentencing-date-april

[Zed0X]

There must be more maneuvering behind the scenes for a lighter sentence. The prosecution would probably feel they lost if the court handed down a house arrest instead of prison time.