“The brazen nature of this conduct does require a sentence that includes a meaningful period of incarceration.” The scale of this crime is “magnitudes of order” greater than other offenses, Mosley says.
As a result of asking forgiveness, not permission, Changpeng Zhao made himself a billionaire and celebrity, Mosley says.
We are now going to hear from the government, then probation, then the defense. No one else will speak, as far as we know.
The prosecution is trying to get some enhancements on CZ’s sentencing. We will be sorting out this objection before we go farther.
We’re delayed until 9:30AM PT / 12:30PM ET.
He’s taking a seat with his legal team. Judge isn’t on the bench yet. CZ’s in a dark blue suit with a light blue tie, and he looks tense.
And there’s motion in the courtroom. The hearing is expected to begin at 9AM PT.