Empire Newsletter: Why CZ and SBF’s sentencings were so different

CZ is no SBF 

CZ was sentenced yesterday to four months in prison for violating the Bank Secrecy Act. 

It’s not what the government wanted and it’s not what CZ wanted. But all things considered, we say he got a pretty damn good deal. I wonder what SBF is thinking. 

Zhao pleaded guilty last November for failing to maintain an effective anti-money laundering program at Binance. He had to resign as CEO and hand over $50 million in fines, but his ownership of the exchange is intact and his net worth is still in the tens of billions (Forbes estimates $33 billion while Bloomberg says it’s closer to $36 billion, either way, $50 million is pocket change). 

The prosecution asked the…

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