Sub-headline: "Pardon follows months of efforts by Changpeng Zhao to boost the Trump crypto company"
Subtext, a convicted fraudster pardons a convicted fraudster
Trump pardons convicted Binance founder
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Re: Trump pardons convicted Binance founder
#12Serious question - it seems that many of this Administrations activities are illegal in some way or the other. I know that government officials are shielded from a lot of actions so they can not be prosecuted.
What actions that have been taken could actually be prosecuted? For example, I would have to assume that the ballroom demolition and build-out is illegal, there were $0 appropriated from Congress for this, and it doesn't seem like direct donations would be legal either. They are donations to the government and Congress has to appropriate that money too.
NOTHING is going to happen while the Republicans control congress, period. What could be done when the next administration comes in? Not just about the ballroom, but the various other things like this pardon. What of these actions are prosecutable?
Re: Trump pardons convicted Binance founder
#13Fraud is now legal
If you're already rich and can stomach writing a flattering letter to Dear Leader you're leaving money on the table by not committing massive fraud right now.
Re: Trump pardons convicted Binance founder
#14I'm impressed. Leavitt managed to Blame the Biden administration, effectively asserting that Zhao's crimes were a result of the Biden administration's "war on crypto." Never mind that Zhao was engaged in criminal activity for which he was prosecuted, tried, and found guilty.
Please correct me if I'm wrong, but Zhao was convicted of crimes which were a direct result of his operating a crypto exchange, and not any other criminal activity. It may be possible to operate a legally-compliant crypto exchange, but I am not sure that any current exchange is fully compliant with US law. If we agree on these facts, and think that the 'war on drugs' is what has resulted in 'drug possession' and 'drug trafficking' convictions, then it seems reasonable to say that Zhao was convicted as the result of a 'war on crypto'.
I am actually not sure that either the 'war on drugs' or a 'war on crypto' is a bad idea, but they do seem analogous.
Re: Trump pardons convicted Binance founder
#15I'm impressed. Leavitt managed to Blame the Biden administration, effectively asserting that Zhao's crimes were a result of the Biden administration's "war on crypto." Never mind that Zhao was engaged in criminal activity for which he was prosecuted, tried, and found guilty.
Changpeng Zhao pled guilty for violating the Bank Secrecy Act and not complying with anti-money laundering requirements.
That also happened to a lot of big banks over and over again.
Three days ago one of the biggest was found guilty for helping Sudan’s government commit genocide by providing banking services that violated American sanctions [0]. Sounds worst.
Binance is a casino for millennial and gen Z and like casinos is used by criminal to launder money.
Should Changpeng Zhao be pardoned? I don't know, I don't care he is a small fish.
Should BNP CEO serves prison time? probably.
- [0] https://finance.yahoo.com/news/bnp-paribas-shares-fall-us-17...
Re: Trump pardons convicted Binance founder
#16- Zhao has ties to World Liberty Financial, a crypto venture that Trump and his sons Eric and Donald Jr. launched in September.
- Trump’s most recent financial disclosure report reveals he made more than $57 million last year from World Liberty Financial
Re: Trump pardons convicted Binance founder
#17Re: Trump pardons convicted Binance founder
#18I'm impressed. Leavitt managed to Blame the Biden administration, effectively asserting that Zhao's crimes were a result of the Biden administration's "war on crypto." Never mind that Zhao was engaged in criminal activity for which he was prosecuted, tried, and found guilty.
Please correct me if I'm wrong, but Zhao was convicted of crimes which were a direct result of his operating a crypto exchange, and not any other criminal activity. It may be possible to operate a legally-compliant crypto exchange, but I am not sure that any current exchange is fully compliant with US law. If we agree on these facts, and think that the 'war on drugs' is what has resulted in 'drug possession' and 'dru…
> and not any other criminal activity
He made a lot of money from the other criminal activity. That's what money laundering is: just because you're not directly trafficking children, for example, doesn't mean you have clean hands when you make significant profits from the people who are.
Re: Trump pardons convicted Binance founder
#19Is there any way to read this other than Trump is cuddling up to crypto because it’s a tool for him and his cronies to make dodgy money?
Re: Trump pardons convicted Binance founder
#20Is there any way to read this other than Trump is cuddling up to crypto because it’s a tool for him and his cronies to make dodgy money?
in this particular case maybe. but i don't think he's pardoning only crypto people. as long as criminals can offer sth useful to him, they will get above the law.