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Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 16, 2022. The criminal sentencing of Binance founder Changpeng Zhao on a money laundering rule charge has been postponed until April 30, according to a notice Monday in Seattle federal court. That docket entry did not explain what would be a two-month delay in sentencing Zhao, a Canadian national widely known as "CZ" who is free on a $175 million release bond in the United States. Federal sentencing guidelines suggest a maximum sentence of 18 months in prison for Zhao, but prosecutors reportedly have considered asking for a harsher sentence. Zhao pleaded guilty on Nov. 21 to a charge of failure to maintain an effective anti-money laundering program at Binance, the world's largest cryptocurrency exchange.
Persons: Changpeng Zhao, Zhao, William Burck Organizations: Viva Technology, Porte de, Canadian, CNBC, Department of Justice, Emergency Economic Locations: Porte, Paris, Seattle, United States, Binance
Republican U.S. presidential candidate and Florida Governor Ron DeSantis speaks during his "Never Back Down" tour ahead of his appearance at the Iowa State Fair, in Atlantic, Iowa, August 11, 2023. DeSantis will be hosted at a fundraising breakfast on Thursday in New York by at least seven wealthy executives, according to one invite. Burck has previously represented former Trump advisors while they faced legal hurdles, including Steve Bannon and former Secretary of State Mike Pompeo. DeSantis' fundraising trip to New York comes as he's lagging the former president in polls. Trump is favored in the Republican primary with 62% support, followed by DeSantis at 12%, according to a new Quinnipiac poll.
Persons: Ron DeSantis, Donald Trump, DeSantis, William Burck, David Blumberg, Steve Hornstein, Mark Gerson, Gerson, Burck, Steve Bannon, Mike Pompeo, Trump, Emil Henry Organizations: Republican U.S, Florida, Fair, Florida Gov, Wall, Republican, Blumberg Capital, Global Credit Advisers, Gerson Lehrman, Trump, Tiger Infrastructure Partners Locations: Iowa, Atlantic , Iowa, New York, Quinnipiac
It's been a tumultuous period for Quinn and the storied law firm he built over the past 37 years — now the world's largest litigation firm with hourly rates that can be north of $2,000. But behind the scenes, a shift at QE has been the talk of elite law firm circles. Indeed, the firm – known as a singular, even freewheeling, institution that brands itself as the "#1 Most Feared Law Firm in the World" — may appear to be less in the image of its founder as a generational shift brings changes. "We all thought it was important that the world understands this is not a one generation law firm." One former firm partner in California says he believes Quinn's inner circle generally got better deals.
The existence of Barnes' lawsuit against the SEC, which has been pending under a pseudonym since April, hasn't previously been reported. SEC whistleblower matters are confidential, so Barnes' lawyers had asked the court to refer to him as "Jamie Doe." The name of the SEC whistleblower case — "In the Matter of Focus Media" — was unredacted at least once, as was the name of Grace, the enforcement lawyer. Barnes said in his lawsuit that he wasn't represented by a lawyer when he first requested a whistleblower award. Block and Barnes weren't named by the agency, and the connection only became clear after Barnes sued Block last month.
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