The Manhattan jury continues to deliberate on the case of two brothers who graduated from MIT—Anton Perel-Bueno and James Perel-Bueno. They are charged with wire fraud, conspiracy, and money laundering, allegedly stealing $25 million through a 12-second Ethereum transaction in April 2023. Prosecutors argue that their bot deceived other traders' bots through false statements, while the defense claims it was a legitimate trading strategy. The judge instructed the jury that proving the defendant had an intent to deceive, rather than knowledge of illegality, is sufficient for a conviction. Each charge carries a maximum sentence of 20 years in prison.
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The Manhattan jury continues to deliberate on the case of two brothers who graduated from MIT—Anton Perel-Bueno and James Perel-Bueno. They are charged with wire fraud, conspiracy, and money laundering, allegedly stealing $25 million through a 12-second Ethereum transaction in April 2023. Prosecutors argue that their bot deceived other traders' bots through false statements, while the defense claims it was a legitimate trading strategy. The judge instructed the jury that proving the defendant had an intent to deceive, rather than knowledge of illegality, is sufficient for a conviction. Each charge carries a maximum sentence of 20 years in prison.