Avraham Eisenberg, recently adjudged guilty of deceitful conduct and market manipulation, associated with a hefty $110 million operation targeting the Solana-based platform known as Mango Markets, , now deals with fresh allegations concerning improper image possession.
The new allegations, Court records from April 3 bring to light that images of underage children, some even younger than 12, were discovered on his gadgets. Avraham Eisenberg, who has been convicted due to his involvement in a $110 million fraud at Mango Markets, is now under scrutiny for having indecent material.
TLDR
- In January 2023, FBI personnel encountered suspect images on Eisenberg’s gadgets while inspecting them in connection to earlier charges involving fraud.
- Court filings indicate some images involved prepubescent individuals below the age of 12.
- Eisenberg was detained in Puerto Rico late 2022 and remains in U.S. custody since early 2023.
- Conviction on these recent charges may see Eisenberg facing up to another ten years behind bars.
- The child pornography revelation emerged after the FBI's initial inspection of Eisenberg's phones and laptops in early 2023.
This inspection was part of the broader probe into Eisenberg's significant breach of Mango Markets on October 11, 2022, where authorities found explicit imagery of minors.
Following these findings, the FBI obtained a fresh warrant in February 2023 to widen their search, including probing for evidence related to possession and distribution of illicit content.
Court documents suggest Eisenberg traded and possessed illegal content spanning from 2017 to 2022.
Eisenberg's legal challenges kicked off in October 2022 after he orchestrated a massive heist, siphoning $110 million from Mango Markets’ reserves.
He later tried justifying the maneuver as a lucrative yet lawful trading tactic within the platform's framework.
Prosecutors, however, argued Eisenberg skewed futures contract values, associated with Mango’s MNGO token and the stablecoin USD Coin, inflating his contract values exponentially in just a short window.
Eisenberg managed to extract $110 million in crypto, but a subsequent agreement saw him return $67 million to Mango Markets.
Despite this restitution effort, Eisenberg found himself apprehended in San Juan towards the end of December 2022, remaining in U.S. hold from January 2023.
By mid-April, a federal court in Manhattan condemned Eisenberg for deceit and manipulation tied to the Mango Markets incident.
The Commodity Futures Trading Commission augmented the accusations from the FBI with two further counts of manipulation. Sentencing for these offenses is slated for July 29, with the possibility of a two-decade imprisonment looming overhead.
New revelations of child pornography charges deepen Eisenberg’s legal tribulations, casting a dark shadow over his personal integrity.
A guilty verdict on these counts could add a further ten years to Eisenberg’s sentence, as possession of child pornography under U.S. law can lead to a maximum decadal punishment.
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