Mango Markets Exploiter Moves For Acquittal, New Trial
Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.
Mango Markets exploiter Avraham Eisenberg has requested that his April 2024 conviction related to the crypto scheme be dissolved and that he is given a new trial, a new court filing this weeks shows.
According to the latest legal documents, Eisenberg is asking for a new trial “because of various errors in the jury instructions and because of false and misleading arguments made by the government in summation.”
“The evidence was unequivocal that Mr. Eisenberg was at all relevant times— an amount of time that was rather circumscribed as all of the relevant trading and withdrawal activity took place in a roughly hour-long period— situated in or around Puerto Rico and acting alone,” the filing states. “Faced with a total lack of evidence as to venue, the government resorted to mischaracterizations of the facts and the law in its summation.”
Jurors from the Southern District of New York found Eisenberg guilty on commodities fraud, wire fraud, and commodities manipulation earlier this year and could see up to two decades behind bars for orchestrating the massive digital asset scheme.
According to U.S. prosecutors, Eisenberg attempted to glean $110 million from Mango Markets by manipulating certain perpetuals futures contracts.
Sam Bankman-Fried and the Mango Markets exploiter are bunk buddies at Brooklyn MDC lol pic.twitter.com/flbwWawZSz
Eisenberg defended himself on social media shortly after the crypto-related scheme occurred, stating that his actions aligned with the law.
“I believe all of our actions were legal open market actions,
Read more on cryptonews.com
