Wall Street Journal Reports on Alleged Crypto Market Manipulation Scheme by Partner Brian Klein’s Client

Speaking to the Wall Street Journal about an alleged $110 million crypto market manipulation scheme by his client, Avraham Eisenberg, Partner Brian Klein said the defense team is trying to work out a bail package for Mr. Eisenberg, who faces U.S. criminal and civil charges.

The United States Attorney’s Office for the Southern District of New York has charged Mr. Eisenberg, arrested on December 26, 2022 in Puerto Rico, with commodities fraud, commodities market manipulation, and wire fraud in connection to what prosecutors said was manipulation of Mango Markets, a decentralized cryptocurrency exchange. The Securities and Exchange Commission and the Commodity Futures Trading Commission have filed parallel civil charges against Mr. Eisenberg, which are first of their kind.