After less than a day of deliberations, a Manhattan jury found Avraham Eisenberg guilty of fraud and market manipulation.
Avi Eisenberg could face up to 20 years in prison after a conviction of wire fraud, commodities fraud and commodities manipulation related to a $110 million Mango Markets exploit.
In an April 18 ruling in United States District Court for the Southern District of New York, a group of jurorsDuring a two-week trial, Eisenberg’s legal team claimed that he did not commit any crimes but orchestrated a “successful and legal trading strategy,” which resulted in roughly $110 million from Mango Markets. He returned roughly $67 million of the funds after the exploit but retained more than $40 million following a governance vote by the community.
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