As a seasoned crypto investor and follower of the Binance saga, I find myself both intrigued and concerned by the latest development in Changpeng Zhao’s (CZ) sentencing. The report that he has yet to commence his four-month prison term due to some formalities in the criminal justice system resonates with me on a personal level.
Based on Protos’ findings, Binance‘s founder Changpeng Zhao (CZ) has not started serving his four-month prison term just yet. Some procedural requirements in the criminal justice system must still be addressed first.
Why Binance Founder is Yet to Enter Prison
As a researcher, I came across a report indicating that the founder of Binance was expected to receive a notification from the Probation or Pretrial Services Office to initiate his sentence, which had been authorized by the Judge.
Despite the assumption, CZ hasn’t been informed and, consequently, hasn’t started serving his sentence yet. A reminder that CZ admitted guilt for breaching the U.S. anti-money laundering laws.
A federal statute, specifically 18 U.S.C. § 3585(a), indicates that a criminal’s prison term begins once they have been taken into custody and are en route or willingly surrender to the correctional facility designated for serving their sentence.
After being sentenced, an individual may begin serving their jail term right away. However, there are three scenarios that could cause a delay:
In the second scenario, a judge could grant permission for the Probation or Pretrial Services Office to inform the defendant about their prison admission date. Alternatively, the judge may enable the defendant to surrender willingly to prison. This choice is typically extended to defendants with brief sentences or those considered least likely to escape.
As an analyst, I would rephrase it as: I, the Binance Founder, was handed down a judgment of the second type in my case. This means that I wasn’t given a multi-year prison sentence. Now, I’m waiting for communication from the Probation or Pretrial Services Office.
Due Process Must be Followed
The Bureau of Prisons is legally obligated to take various factors into account before assigning a prison term to an offender. These factors may include the offender’s past record and the availability of resources at the correctional facility. Failure to consider these elements could lead to a legal challenge by the offender’s lawyers, claiming a violation of due process.
As a researcher studying the legal system, I can explain that the primary cause of Cz not being incarcerated at present is rooted in the requirement for due process under the United States Constitution. This constitutional safeguard extends to all individuals residing within the US, regardless of their citizenship status.
Before his sentencing, CZ playfully hinted at the next stage of his goals. In response, he established Giggle Academy, a charitable educational institution aimed at giving back to the community.
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2024-05-16 19:28