Puerto Rico man charged with $110 million cryptocurrency fraud

Feb. 2 (UPI) — A Puerto Rico man is scheduled to face charges Thursday in New York City in a $110 million cryptocurrency fraud that involved manipulation of the crypto exchange Mango Markets.

The U.S. Justice Department said in a statement that Avraham Eisenberg allegedly artificially manipulated the price of certain perpetual futures contracts. He faces a maximum of up to 40 years in prison if convicted.