Zhao, who pleaded responsible to at least one cost of violating the Financial institution Secrecy Act final month, is ready to be scheduled in February 2024. He was launched on a $175 million private recognizance bond, placing up some money in escrow and having guarantors put up round $5 million price of belongings as collateral. Whereas Zhao’s bond initially allowed him to return to the UAE, the place he, his youngsters and his accomplice all reside, prosecutors argued he was a flight danger and shouldn’t be permitted to depart the U.S.
