U.S. prosecutors argued Avi Eisenberg pulled a classic con on Mango Markets, but he says all he did was “execute a successful trade.”
Avi Eisenberg’s alleged Mango Markets exploit was a “modern twist” on a classic con, prosecutors argued, but Eisenberg is adamant his actions were legal.
“Consider this scam. A person sells a fake diamond ring, worthless plastic. The con man disappears and runs off. This case is a modern twist on that. That man, Avraham Eisenberg? He ran.” In court, his lawyer Sanford Talkin rejected the claims and explained Eisenberg risked $13 million of his own funds and could have lost it all had the trade failed.
“If his counterparties had seen them and opted to, they could have traded against him,” Talkin asserted. “He executed a successful trade.”
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