Lawyers representing the defendant in the $116 million #MangoMarkets fraud case have successfully persuaded the judge to postpone the trial until April 8, 2023. #AvrahamEisenberg , who had confessed to his involvement in the Mango Markets exploit, was initially set for trial on December 4, but his legal team cited multiple factors affecting trial preparations. They argued that they needed more time to analyze voluminous discovery materials provided by U.S. prosecutors and mentioned difficulties due to Eisenberg's transfer to the Metropolitan Detention Center in Brooklyn. The judge granted the continuance despite opposition from U.S. prosecutors and ordered both sides to submit a revised pretrial schedule by November 7. Eisenberg faces charges of commodities fraud, commodity manipulation, and wire fraud, despite his earlier confession. #cryptofraud

The trial of Avraham Eisenberg, the individual accused of exploiting Mango Markets, has been delayed per request by his lawyers.

Initially scheduled for December 4, 2023, the trial has been rescheduled to April 8, 2024, according to court documents. 

Eisenberg’s legal team requested the postponement after their client was unexpectedly transferred from a New Jersey prison to the Metropolitan Detention Center (MDC) in Brooklyn, where Sam Bankman-Fried has been held since his bail was revoked in August.

Eisenberg’s lawyers argued that they require additional time to prepare a defense due to the complex legal and factual issues surrounding the case, as well as the extensive volume of discovery provided by the government.

Prosecutors opposed the motion, contending that Eisenberg committed the alleged offenses alone, on a single day, through a specific set of financial transactions.

#SamBankman-Fried #AvrahamEisenberg #BitcoinPrediction #BinanceSquareTalks #BinanceFeatures