US President Donald Trump reportedly issued pardons to three co-founders of the cryptocurrency exchange, who had pleaded guilty to crime accusations.
According to a CNBC report on March 28, Trump granted Pardons to Arthur Hayes, Benjamin Delo and Samuel Reed, who faced a range of criminal accusations related to money laundering or the violations of the Bank’s secret law.
Hayes and Delo pleaded guilty in February 2022, admitting that they “fail voluntarily[ed] To establish, implement and maintain an anti-money laundering program ”at Bitmex, while Reed pleaded a few weeks later.
Source: Arthur Hayes
At the time of publication, the White House had not published a statement suggesting that Trump was planning to forgive the three men. Cointelegraph contacted Bitmex for a comment concerning forgiveness, but did not receive an answer at the time of the publication.
Since his entry into office on January 20, Trump has published a certain number of controversial federal pardons, including more than 1,500 people faced with charges related to January 6, 2021, riot in the American Capitol and the founder of Silk Road, Ross Ulbricht, who was in prison for more than 11 years.
Reports have suggested that the former FTX CEO Sam Bankman was sentenced to 25 years in prison for his role in the improper use of customer funds, also tried to reconcile with Trump and the Republicans for potential forgiveness.
https://www.youtube.com/watch?v=UMUM1BTCRDQ
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The American authorities charged Delo, Reed, Hayes and Gregory Dwyer – The first exchange employee – in 2020 for violations of the Bank Secrecy Act. Hayes, then CEO of Bitmex, left his role in the middle of the legal battle.
The reasons for the forgiveness of Trump were not clear at the time of publication, because the three men had already been sentenced to a combination of arrest or home probation in 2022. The co-founders of Bitmex were also ordered to pay 30 million dollars in penalties within the framework of a civil affair with the Commodity Trading Commission (CFTC).
Stock Exchange Affairs with US authorities included an agreement to pay $ 100 million in consent payments both at the CFTC and the American financial crimes in 2021. In January, a judge inflicted a fine of $ 100 million and two years of not supervised probation on HDR Global Trading Limited, Bitmex’s mother company.
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