Firm News
Partner Paul Tuchmann Quoted in CNBC Article on the Sentencing of the Founder and Former CEO of Crypto Exchange Binance
On April 30, 2024, Partner Paul Tuchmann was quoted in the CNBC article titled, “Binance’s billionaire founder to find out if prison time is coming — here’s what lawyers are expecting.”
As it relates to the upcoming sentencing of Zhao Changpeng, founder and chief executive officer of Binance, Paul expects there to be some prison time due to the need for general deterrence.
Paul is quoted,“While he is a first-time offender, those factors I just mentioned are likely to outweigh the lack of criminal history. He continues, “The need for general deterrence in the crypto industry, and the financial sector generally, is so great, that I assume that DOJ will take the position, and a judge will likely agree, that a message needs to be sent through this sentence that the consequences for violating these rules can’t just be seen as a cost of doing business.”
To read the article, click here.
