probation

ChainCatcher news, South Korean actress Hwang Jung-eum was sentenced to two years of probation on Thursday by the Jeju District Court for embezzling $3 million (4.34 billion won) from her personal management company to invest in cryptocurrency. This means that as long as she does not commit any further crimes in the next four years, she will not have to serve time in prison. The prosecution had previously requested a three-year prison sentence, but the judge considered that she had fully repaid the amount, and taking into account her status as a first-time offender who has fully compensated, ultimately granted probation.

ChainCatcher news, according to Cointelegraph, the co-founders of the defunct cryptocurrency mining service HashFlare, Sergei Potapenko and Ivan Turõgin, have requested a U.S. court to waive additional imprisonment after admitting to telecom fraud. The two are accused of orchestrating a $577 million Ponzi scheme, resulting in approximately $300 million in losses.Prosecutors argue that both should be sentenced to 10 years in prison, stating that their crimes are among the largest fraud cases being tried in court. However, Potapenko and Turõgin contend that they have cooperated with the investigation and have served 16 months in prison in Estonia, and that their sentences should not be excessively long.The two were arrested in Estonia in November 2022 and are set to be extradited to the U.S. in May 2024. They are currently out on bail, with a sentencing hearing scheduled for August 14.

ChainCatcher news, self-proclaimed Satoshi Nakamoto, Australian scientist Craig Wright has been found in contempt of court and sentenced to 12 months in prison, with a two-year probation. It is reported that he appeared in court via video link, refused to disclose his exact location, but stated that he would appeal.Previous news, COPA accused Craig Wright of contempt of court, seeking a two-year prison sentence.

ChainCatcher news, according to Protos, former Binance CEO Zhao Changpeng has not yet been incarcerated due to the procedural aspects of the criminal justice system and the Fifth Amendment's protection of due process. According to the judge's signed ruling, Zhao Changpeng "should surrender to serve his sentence upon notification from the probation or pretrial services office." However, the notification has not yet been issued.It is reported that the aforementioned office has been conducting a statutory review of the applicability of the SeaTac Federal Detention Center and Jail to Zhao Changpeng's personal circumstances, in order to avoid any legal remedies resulting from the failure to provide the constitutionally mandated due process.

ChainCatcher news, according to The Verge, the probation management department recommends a sentence of 5 months in prison, which is sufficient to deter the defendant and others.

ChainCatcher news, according to CoinDesk, court documents show that despite the Department of Justice's request for a 36-month prison sentence and a $50 million fine for Zhao Changpeng, the probation office recommended a five-month probation in its statement report. Meanwhile, the defense requested house arrest and probation, with no prison time.Analyst Tama Kudman, a partner at Kudman Trachten Aloe Posner LLP, stated that the Department of Justice's request for an extended sentence seems to send a strong message. The U.S. Department of Justice has been working hard to combat money laundering activities conducted through cryptocurrency, and Zhao Changpeng has been "very openly against anti-money laundering rules."

ChainCatcher news, according to Coindesk, Binance founder CZ's lawyer rebutted in a filing submitted at noon that CZ should be sentenced to probation instead of imprisonment.Previously, the U.S. Department of Justice lawyers submitted a sentencing memo on Tuesday evening stating that after CZ admitted to violating the Bank Secrecy Act last November, he should be sentenced to 36 months in prison and pay a fine of $50 million.

ChainCatcher News: U.S. prosecutors are recommending that the court sentence former BitMEX business development chief Greg Dwyer to 12 months of probation for violating the Bank Secrecy Act. Additionally, prosecutors are seeking a "negotiated fine of $150,000."Previously reported, in August, Greg Dwyer changed his plea to guilty in a criminal trial. Earlier, BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed also changed their pleas to guilty in their respective cases and managed to avoid incarceration at sentencing. (Source link)