{"id":56009,"date":"2024-04-18T16:43:37","date_gmt":"2024-04-18T23:43:37","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=56009"},"modified":"2024-04-18T16:43:37","modified_gmt":"2024-04-18T23:43:37","slug":"man-convicted-of-110-million-commodities-fraud-involving-cryptocurrency","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=56009","title":{"rendered":"Man Convicted of $110 Million Commodities Fraud Involving Cryptocurrency"},"content":{"rendered":"<p style=\"text-align: center;\">\n<div id=\"main\" class=\"style-scope ytd-commentbox\">\n<div id=\"creation-box\" class=\"not-focused style-scope ytd-commentbox style-scope ytd-commentbox\">\n<div class=\"input-wrapper style-scope tp-yt-paper-input-container\" style=\"text-align: center;\">\n<div id=\"labelAndInputContainer\" class=\"input-content style-scope tp-yt-paper-input-container\">\n<div class=\"paper-input-input style-scope ytd-commentbox\">\n<div data-grammarly-part=\"highlights\">\n<div class=\"Jupcl lUmQf GpjRg\" data-key=\"1000105-16|0\" data-grammarly-part=\"highlight\" data-highlight-format=\"underlineAndBackground\" data-highlight-color-name=\"blue\">\n<div class=\"QnVQL SI8GN\">\n<div class=\"node-body\">\n<div class=\"field-formatter--text-default field-text-format--wysiwyg text-formatted field_body\">\n<p><span style=\"font-size: 20px;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-56010\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2024\/04\/courtroom_1713483392.jpg\" alt=\"\" width=\"1\" height=\"1\" \/><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-54046 alignleft\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2023\/09\/download.jpg\" alt=\"\" width=\"416\" height=\"233\" \/><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-56010\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2024\/04\/courtroom_1713483392.jpg\" alt=\"\" width=\"1\" height=\"1\" \/>Officials stated that a federal jury in New York convicted a man residing in Puerto Rico Thursday of commodities fraud, commodities market manipulation, and wire fraud in connection with the manipulation of the Mango Markets decentralized cryptocurrency exchange.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 20px;\">According to court documents and evidence presented at trial, Avraham Eisenberg, 28, engaged in a scheme to fraudulently obtain approximately $110 million worth of cryptocurrency from Mango Markets and its customers by artificially manipulating the price of certain perpetual futures contracts.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 20px;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-53774 alignleft\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2023\/08\/1yeql23dvji-200x300.jpg\" alt=\"brown wooden chairs inside room\" width=\"200\" height=\"300\" srcset=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2023\/08\/1yeql23dvji-200x300.jpg 200w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2023\/08\/1yeql23dvji-683x1024.jpg 683w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2023\/08\/1yeql23dvji-768x1152.jpg 768w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2023\/08\/1yeql23dvji.jpg 800w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/>\u201cMoments ago, Avraham Eisenberg was found guilty by a unanimous jury in the first-ever cryptocurrency market manipulation case,\u201d said U.S. Attorney Damian Williams for the Southern District of New York. \u201cThis ground-breaking prosecution epitomizes this office\u2019s ability to employ innovative methods and cutting-edge law enforcement tools to continue to protect all financial markets. The career prosecutors of this office continue their expertise in prosecuting financial fraud, one of our core priorities, and would-be financial criminals should think twice before daring to engage in illicit conduct on our watch.\u201d<\/span><\/p>\n<p><span style=\"font-size: 20px;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-52674 alignright\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2023\/04\/3890350-300x199.jpg\" alt=\"bitcoin, crypto, btc\" width=\"300\" height=\"199\" srcset=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2023\/04\/3890350-300x199.jpg 300w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2023\/04\/3890350-1024x678.jpg 1024w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2023\/04\/3890350-768x509.jpg 768w, https:\/\/cjnotebook.com\/wp-content\/uploads\/2023\/04\/3890350.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Eisenberg is scheduled to be sentenced on July 29 and faces a maximum penalty of 10 years in prison on the commodities fraud count and the commodities manipulation count, and a maximum penalty of 20 years in prison on the wire fraud count. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">The FBI investigated the case, with assistance from Homeland Security Investigations and IRS Criminal Investigation.<\/span><\/p>\n<p><span style=\"font-size: 20px;\">Trial Attorney and Special Assistant U.S. Attorney Tian Huang of the Criminal Division\u2019s Fraud Section, a member of the National Cryptocurrency Enforcement Team (NCET), and Assistant U.S. Attorneys Thomas Burnett and Peter Davis for the Southern District of New York are prosecuting the case.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Officials stated that a federal jury in New York convicted a man residing in Puerto Rico Thursday of commodities fraud, commodities market manipulation, and wire fraud in connection with the manipulation of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":50804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-56009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-department-of-justice"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Man Convicted of $110 Million Commodities Fraud Involving Cryptocurrency<\/title>\n<meta name=\"description\" content=\"Officials stated that a federal jury in New York convicted a man residing in Puerto Rico Thursday of commodities fraud, commodities market manipulation,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cjnotebook.com\/?p=56009\" \/>\n<meta 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