Zhao, who pleaded guilty to one charge of violating the Bank Secrecy Act last month, is set to be scheduled in February 2024. He was released on a $175 million personal recognizance bond, putting up some cash in escrow and having guarantors put up around $5 million worth of assets as collateral. While Zhao’s bond originally allowed him to return to the UAE, where he, his children and his partner all live, prosecutors argued he was a flight risk and should not be permitted to leave the U.S.