Mango Markets Exploiter Avraham Eisenberg Detained Till Trial
Before the trial was over, a United States Magistrate Judge ruled that the Mango Markets exploiter needed to be detained.
According to a recent development in the Mango Markets exploit tale, the notorious Mango Markets exploiter Avraham Eisenberg has received a detention order from the United States District Court for the District of Puerto Rico.
United States Magistrate Judge Bruce McGiverin concluded that Eisenberg needed to be held in custody for several reasons after holding a detention hearing. There is no restriction, or set of conditions, on Eisenberg’s release that, in the court’s opinion, will reasonably guarantee his attendance as necessary.
The court also listed additional justifications in addition to this. This includes the possibility of a lengthy prison sentence for Eisenberg in the event of a conviction, the fact that he has familial solid or other links to countries other than the United States, and the fact that his past is unknown.
A judge may issue a detention order during a bail hearing. The defendant will be held in jail until the case is concluded unless they are freed following a bail review if the court decides to grant a detention order.
Eisenberg claimed his assault on the cryptocurrency exchange was a legitimate, open market move, but on December 28, he was detained on fraud-related charges. The Mango Markets fraudster was apprehended in Puerto Rico and accused of market manipulation.
Eisenberg claimed in a social media conversation on October 15 that the Mango Markets scam was lawful. He claimed that he followed the procedure strictly as intended and that his actions were part of a “highly profitable trading strategy.”
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